Geopolitical tensions, trade disputes, and steel trade measures have disrupted previously well-consolidated supply channels, impacting stockholding distributors and service centres (SSCs). According to a recent study by Eurometal, the EU steel distribution sector has experienced a marked contraction, with business volumes decreasing from 77 million tonnes in 2021 to 62 million tonnes in 2023.

The downturn was particularly pronounced in the Multi-Product & Proximity Steel Stockholding Distribution segment, which saw a reduction from 47 million tonnes in 2021 to 37 million tonnes in 2023. Despite these challenges, steel distribution remains a vital component of the supply chain, offering essential services such as stockholding, processing, and value-added solutions to customers.