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| EU steel stockholding distribution in 2009 dips by 27pct YoY. - 09 Feb, 2010 | ||
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As expected, December sales of European steel stockholding distribution were at a very low seasonal level leading to a fatal increase of stocks expressed in days of sales despite a lower stock index registered at end December 2009. Sales of EU steel stockholding distribution in 2009 decreased by 27% YoY. 1. Long steel products sales - Down by 26% YoY 2. Flat steel products sales - Down by 25% YoY 3. Steel tubes sales - Down by 28% YoY 4. Stainless steel sales - Down by 14% YoY 5. Special & alloy steel sales - Down by 42% YoY (Sourced from www.eurometal.net) | ||
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