German total steel sales product fell 0.59% year over year in December 2024 to 462,264 mt, and down by 40.64% month over month, data from German steel stockholders’ association BDS showed on Jan. 22.
- Total steel sales in Dec 2024 drop 0.59% YOY to 462,264 mt
- Total steel stocks in Dec 2024 decline 3.96%YOY to 1.78 million mt
Last month, sales of the flat steel product category nearly halved to 281,045, down 40.23% from November and 3.05% from the same period in 2023, respectively.
Long sales also dropped to 136,204 mt, down from 143,297 mt in December 2023 and compared to 238,850 mt in November 2023, the data showed.
Other products stood at 45,015 mt in December 2024, down 40.9% year over year and 35.39% month over month.
The BDS data also showed that steel stocks in Germany went down year year over year and month month over month. Total German steel stocks products totalled 1.78 million mt in December 2024, slipping 3.96% compared to the same month of 2023 and down 1.54% from November 2024 to the lowest level since records started in January 2020.
Flat products decreased by 4.64% to 1.11 million mt in December, year over year, and by 2.77% month over month, respectively.
Long products stocks totaled 638,548 mt in December, down 2.10% year over year but up 0.95% month over month. The rest of the stocks under “Others” stood at 30,762 mt in December, down 6.42% compared to December 2023 and down 1.54% relative to November.
In December hot-rolled coil prices in Northern Europe moved sideways from Eur560/mt base ex-works Ruhr to Eur 560/mt ex-works Ruhr on Dec. 30, with prices that moved down by around Eur130/mt in 2024. Platts, part of S&P Global Commodity Insights, assessed hot-rolled coil in Northwest Europe at Eur580/mt ex-works Ruhr Jan.21, stable day over day