EU flat steel service center shipments up 11.5% through October: EUROMETAL

Flat steel shipments from steel service centers in the 27 nations of the European Union, plus the UK, rose 11.5% on year in the January through October period, stockholder and distributors’ association EUROMETAL said in its November bulletin.

Long products shipments by distributors meanwhile rose 6.6% on the year in the same period, the association said.

Flat products

In October, strip mill products shipments fell 12% on the year, compared with a drop of 5.5% in the month of September, EUROMETAL said.

When expressed in days of shipments, stocks at steel service centers in the EU reached 63 days in October from 57 days in October 2020, it said.

The index of stock volumes stood at 87 in October, compared with 79 in October 2020 (average 2018 = index 100).

Long products

In the 10 months of 2021, total long and other products shipments from service centers in the region grew 6.6% on the year, with only rebars registering lower shipments than the year-ago period.

In the month of October, however, long and other products shipments fell 11.8% overall from the same month of 2020, the association said. All products had a negative trend, except plates, tubular products, stainless steel, and other alloy steels.

Stock volumes of long and other products stood at 79 days of shipments in October, compared with 66 days in October 2020.

The stock volumes index of long and other products was registered at 86 in October, higher than the index of 81 one year previously (average 2018 =Index 100).

— Diana Kinch