European flat steel product distributors reported a 6.3% year-on-year drop in shipments in May, the regional federation for steel, tube and metals distribution and trade, Eurometal, said on Tuesday July 10.
"After quite some overstocking, mainly in coated products, stocks of EU steel service centers are slowly coming back to normal," Eurometal said.Metal Bulletin's weekly assessment of domestic prices for hot-dipped galvanized coil in Northern Europe averaged ?,?672 ($795) per tonne ex-works in May 2018, down by 1.54% year on year. The prices had been declining in May until late...