EU flat steel distributor shipments down 4.5% in Q1 2019

European distributors of flat steel products reported a 4.5% year-on-year drop in shipment volumes in the first quarter of 2019, Eurometal said on Monday May 20.

“Shipments continued their negative trend of late last year and this was accompanied by rising stocks,” the regional federation for steel, tube and metals distribution and trade said.

European steelmakers such as Germany’s ThyssenKrupp have reported a decline in sales “volumes in particular from automotive customers” over the...


Viral Shah

May 20, 2019

15:52 GMT