October brought a boost to downstream sales: EUROMETAL
 EUROMETAL  // Archive for December, 2017

October brought a boost to downstream sales: EUROMETAL

Published: 15 Dec 2017

European steel service center continued to see sales accelerate in October with flat steel distributors increasing shipments by 8.9% year on year according to EUROMETAL, a distribution and trading association. The strong performance helped year to date shipments outpace 2017, with sales in the first 10 months of 2017 up 0.9% on January-October 2016. Flat

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ORYX Commodity News: Goose for Christmas and Fruit Punch in Summer

Published: 15 Dec 2017

Steep rises in nickel stopped for the moment. Stimulus of electro-mobility is still very much far in the future. Even China is putting on the brakes because of debt reduction and environmental issues. But the market prognosis for 2018 still looking positive. World trade is growing again. Final demand for stainless steel is good. Deficits

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EU steel distributors’ sales grow again in October

Published: 15 Dec 2017

Sales by multi-product steel distributors and flat service centres both grew in October compared with last year. Nevertheless, the aggregated number for 2017 continues to show different developments, Kallanish learns from the European steel distributors’ trade body, EUROMETAL. Service centres’ sales increased by 8.9% year-on-year in October; and they recovered by 0.9% y-o-y. overall during the first ten

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Stemcor sells German service center

Published: 14 Dec 2017

UK trading and distribution company, Stemcor, has continued to offload assets with the sale of OKS Otto Knauf GmbH, a steel service center based in Iserlohn, Germany. OKS processes around 250,000 mt/year of galvanized, hot and cold rolled and stainless steel strip products, but was no longer seen as a part of Stemcor’s core business.

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Moody’s foresees stable 2018 outlook for European steel

Published: 14 Dec 2017

Moody’s has published a stable outlook for the steel sector in Europe in 2018, the analyst says in a note sent to Kallanish. “Sustained demand, higher year-over-year profits and the success of antidumping measures should support European steelmakers’ credit metrics and underpin the stable outlook on the sector into 2018,” says a Moody’s Investors Service report.published

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