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DURING FIRST 5 MONTHS OF 2016 SHIPMENTS BY EU STEEL DISTRIBUTORS NOTED SUSTAINED GROWTH. STOCKS WERE IN LINE WITH STEEL DISTRIBUTION’S BUSINESS LEVEL
EUROMETAL’s unique market monitoring system is tracking EU steel distribution shipments and stocks for its two main business segments:
– Flat SSC distribution – Multi-Product & Proximity Stockholding distribution EU Flat SSCcontinued in May 2016 to operate shipments at a high growth rate of 13 % compared to May 2015. On average for the first 5 months of 2016, EU SSC increased shipments by + 10 %, in a year-on-year comparison. Stocks with EU SSC, expressed in days of shipments, represented 64 days at the end of May 2016, to compare with 66 days at the end of May 2015. EU Multi-Product & Proximity Stockholding distributionnoted an excellent seasonal activity in long steel products. May 2016 sales of long products registered high sales growths leading to an average increase of + 8 %, y-o-y, for the first 5 months of 2016.
During same first 5 months of 2016, shipments of tubular products and of stainless steels averaged a growth rate of 4 %. Flat steel products growth for the same period was + 1%. Considering the complete product portfolio of EU Multi-product & Proximity Steel Stockholding distribution, growth in shipments during first 5 months 2016 registered+4 %, y-o-y. Stocks at EU Multi-Product & Proximity steel distribution at end May 2016 noted 70 days of shipments, to be compared with 81 days at end May 2015
EUROMETAL is the European Federation of Steel, Tubes and Metals Distribution & Trade. EUROMETAL, on EU level, has developed over the last decade a representative and unique market monitoring system for EU steel distribution. EU steel distribution & trade account for 5 000 companies, mostly small and medium sized enterprises, providing jobs to 110 000 people in the EU. EU steel distributors and traders are systemic players in EU steel markets as they share more than 60 % of the supply in steel of EU manufacturing industries and of EU construction related sectors
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