According to the latest report issued by the association of European steel and metal distributors EUROMETAL, in the January-April period of the current year steel shipments to end-user segments by European flat steel service centers (SSCs) dropped by 0.4 percent year on year, after increasing by 2.3 percent year on year in the January-March period.
When expressed in days of shipments, stocks at EU-based SSCs totaled 79 days in April this year, compared to 59 days in April 2021.
In the first four months of this year, sales by multi-product and proximity steel stockholding distributors recorded lower shipments for all products except rebar. In the January-April period, total shipments declined by 10.5 percent year on year.
When expressed in days of shipments, stock volumes at multi-product and proximity steel stockholding distributors in April this year came to 101 days of shipments, compared to 85 days in April 2021.