EU flat service centres boost January shipments

EU flat steel service centre (SSC) distributors increased shipments 1.4% on-year in January, while stocks averaged at 66 days of sales, level on January 2016, Eurometal notes in its latest release seen by Kallanish.

EU multi-product and proximity steel stockholding distributors, meanwhile, noted a 6.4% on-year rise in January shipments, with all products increasing except for merchant bars and stainless. Stock volumes in this segment remained subdued at 71 days of sales, compared to 73 days in January 2016.

EU crude steel production grew 2.4% on-year in January to 13.82 million tonnes, according to worldsteel.