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EUROPEAN STEEL DISTRIBUTION SHIPMENTS NOTED A RETURN TO GROWTH DURING AUGUST 2016 AFTER A DIVE DURING JULY 2016
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 SSC Distribution EU shipments by flat SSC distribution came under pressure in July 2016 when they dipped by -10 % in a year-on-year comparison. During August 2016, SSC shipments recovered again by + 9 % y-o-y. For the first 8 months of 2016,SSC shipments noted a rise of +2 %, y-o-y. Stock volumes with EU SSC were at index = 106 (average 2015=100) in August 2016, compared with index = 102 in August 2015.
In August 2016, EU Multi-Product & Proximity Stockholding Distributionnoted a rise in shipments in all main product lines, except for tubular products. August shipments have been rising by +7 % y-o-y. Overall growth rate for the first 8 months 2016 was +3 % in a year-on-year comparison.
Stockvolumes index of EU Multi-Product & Proximity Steel Stockholding Distribution noted index = 101 (average 2015=100) in August 2016, compared with index = 102 in August 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, SSC and traders are systemic players in EU steel markets, supplying 80 million tons of steel, tubes and metals to EU end use sectors. They account for more than 60 % of the supply in steel and tubes of EU manufacturing industries and of EU construction related sectors
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