EU service centres shipments still suffering: EUROMETAL

In September shipments from European steel service centres dropped significantly compared to last year, continuing the negative trend seen since the beginning of the summer, Kallanish learns from EUROMETAL data.

Overall in September, shipments were down 11.6% y-o-y. Due to the fall, Q3 shipments fell 3.5% y-o-y while those for the first nine months of the year have been 2.4% less than the same period of 2017.

The negative trend seen in the service centres sector was not completely followed by multi-products distributors.

Shipments from general steel distributors fell 3.2% y-o-y in September, but overall in Q3 they remained 0.9% above Q3 2017 and in the Jan-Sep period were 0.3% higher than in the first nine months of last year.