EU steel distributors’ sales grow again in October

Sales by multi-product steel distributors and flat service centres both grew in October compared with last year. Nevertheless, the aggregated number for 2017 continues to show different developments, Kallanish learns from the European steel distributors’ trade body, EUROMETAL.

Service centres’ sales increased by 8.9% year-on-year in October; and they recovered by 0.9% y-o-y. overall during the first ten months of the year

Meanwhile multi-products distributors saw sales rise by 5.5% y-o-y in October, but the aggregated figure for 2017 remained negative, at -1.7% y-o-y.

Both service centres and multi-products distributors registered higher stocks at the end of October. The index for service centres rose to 111 at the end of October, compared with 103 a year earlier (2015 = 100). This has followed a substantial rise in stock volumes of galvanized flat products, EUROMETAL says.

The stock index for multi-products’ distributors also jumped 6 points to 101.