EU service centre, distribution July shipments grow further

The January-July shipments of EU27+UK service centres (SSC) rose 20.2% year-on-year, EUROMETAL tells Kallanish.

In July alone, strip mill products shipments increased 3.4% on-year and 24.3% versus June.

When expressed in days of shipments, stocks at SSC reached 53 days in July, compared to 70 days in July 2020. The index of stock volumes in July dropped to 71, versus 88 in July 2020. The index of 100 is based on the 2018 average.

EU27+UK Multi-Product & Proximity Steel Stockholding Distribution saw lower seven-month shipments only for rebar, meanwhile. Other longs, strip mill products, tubular products and stainless steel registered higher shipments. Total shipments increased by 12.3% on-year.

In July alone, total shipments rose 3% on-year.

The stock volumes index of Multi-Product & Proximity Steel Stockholding Distribution registered at 81 in July versus 84 one year before. When expressed in days of shipments, stock volumes in July were at 69 days compared to 76 days in July 2020.

Adam Smith Germany