Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

The EU’s steel service center (SSC) shipments declined by 14pc compared to the same period in 2019, according to a report from the European Federation of Associations of Steel, Tube and Metal Merchants (Eurometal).


However, strip mill product shipments rose by 3.3pc from October last year. Eurometal’s index for stock volumes fell to 88 in October, compared with 110 in October 2019. 


EU’s multi product and proximity steel stocking and distribution also declined by 11pc in the 10-month period compared to same period in 2019. In October, the total steel product shipments (except strip metal products) were down by 2.3pc on an annual basis. The stock index for this segment stood at 83 in October, compared with 91 a year ago. 

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