EUROMETAL: EU SSC fell by 3,4 %, multi-product & proximity steel down by 4,1%
by David Fleschen
In first 9 months of 2019, shipments of EU SSC did fall by -3,4 % in a year-on-year comparison
The negative trend in SSC shipments was accompanied by almost unchanged SSC stock indices.
When expressed in days of shipments, stocks at EU SSC reached 72 days in September 2019, compared to also 72 days in September 2018.
For September 2019, the index of stock volumes did slightly rise and noted at index 113, to be compared with index 112 in September 2018 (average 2015 = index 100).
In the first 9 months of 2019, EU Multi-Product & Proximity Steel Stockholding Distribution registered lower shipments for almost all products of its portfolio. Only rebar shipments noted higher.
As a matter of fact, during the first 9 months of 2019, total shipments dropped by -4,1 %, year-on-year.
Stock volumes index of EU Multi-Product & Proximity Steel Stockholding Distribution registered at 90 in September 2019, to be compared to a significantly higher index of 103 one year before (average 2015 =Index 100).
When expressed in days of shipments, stock volumes leveled in September 2019 at 74 days of shipments, compared to 82 days in September 2018.
Source: EUROMETAL, Photo: Fotolia