German flat steel stocks fall further on material shortage: BDS data
Flat steel inventory levels at German stockholders fell in March for the eighth consecutive month on continuing severe material shortage, according German steel stockholder association BDS data seen April 21. At 1.05 million mt, March flat steel stocks fell 2.4% from February and 13.2% year on year, reaching the lowest point since records began 33 years ago, though the BDS highlighted to S&P Global Platts that historical data pre-1990 only applies to the former West Germany. Long steel stocks saw an opposite direction in March, increasing for the third month, ...
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