EU distribution continues performing well in August

Shipments by European steel distributors continued to perform positively in August, according to the latest release by EUROMETAL.

Flat steel service centre shipments increased 0.5% year-on-year in August. The recovery slowed down somewhat from the 3.4% y-o-y rise in July, but the overall January-August figure showed a rise of 18.3% y-o-y.

Similarly, EU27+UK proximity and multi-products distribution shipments increased 2.4% y-o-y in August. The eight-month recovery was 11.1% y-o-y, according to data seen by Kallanish. Only rebar registered lower eight-month shipments, with other longs, strip mill products, tubular products and stainless steel seeing higher shipments.

Emanuele Norsa Italy