Shipments in the EU steel service center declined by 21.8pc while shipment in the continent’s multi-product and proximity steel stocking and distribution fell by 13.1pc in H1 2020 from a year ago.
According to a EUROMETAL report, EU steel service center shipments in June dropped by 16.5pc from the same month in 2019, while shipment of multi-product and proximity steel stocking also fell by 10.2pc. Only rebar shipments were higher.
The stock volume index at the EU steel service centers were at 84 days in June 2020 compared to 79 days during the same period last year. Stock volumes for multi-product and proximity steel stocking and distribution were almost level at 81 days in June compared to 83 days in June 2019, EUROMETAL reported.