Stockholder activity in Europe drops: EUROMETAL

The latest data issued by European distributors association EUROMETAL confirms the negative growth trend reported during the last months in the market.

October shipments of EU strip mill products from service centres (SSC) dropped 12% year-on-year. Multiproduct distributors saw their shipments decrease by 11.8%.

“When expressed in days of shipments, stocks at EU SSC reached 63 days in October 2021, compared to 57 days in October 2020,” EUROMETAL says in a note sent to Kallanish. “For multi-products distributors stock volumes levelled in October 2021 at 79 days of shipments, compared to 66 days in October 2020.”

Emanuele Norsa Italy