EU steel distribution to start slow recovery in May, Eurometal says

European steel distribution will start a slow recovery in May after the Covid-19 pandemic seriously dented market activity in recent months, Eurometal said on April 23.

Starting from the beginning of March, market activity decreased across Europe, with members of Eurometal recording a 20-60% drop in trading activity, it said.
“Order books are not comfortable but not so poor. More recent sales forecasts are close to 55-65% of originally budgeted sales plans, which are more optimistic in north-west and north-east Europe versus Southern Europe,” Eurometal said.

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Maria Tanatar

April 24, 2020

12:40 GMT