Shipments of flat steel products from service centers in the EU27 and the UK in the first four months of 2022 decreased by 0.4% year on year while shipments of long steel products tumbled 10.5%, according data released June 13 by Eurometal, the industry body for European steel distributors.
At the end of April, overall stocks stood 5.7% higher year on year, with all product categories apart from Profiles and Plates up. Month on month stocks were 0.5% lower, with all categories falling apart from Long Steel Products.
Stocks at service centers were the equivalent of 79 days of shipments at the end of April, up from 59 days a year earlier.
The 62% Fe Iron Ore Index was at $141.55/dry mt CFR North China on June 10, down $2.30/dmt from June 9, according to Platts assessments by S&P Global Commodity Insights.
— Annalisa Villa
