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July 24, 2013

Steel, Aluminum Shipments Trail 2012 at Year's Midpoint
 
The second quarter ended with no change in business activity for service centers selling steel and aluminum in both the United States and Canada. Shipments for all products in 2013 continued to lag behind the 2012 period through the first half, according to the latest Metals Activity Report from the Metals Service Center Institute, Rolling Meadows, Ill.

U.S. service centers shipped 3.3 million tons of steel products in June, a decline of 4.7 percent from the previous year. For the year to date, steel shipments totaled 21.1 million tons, down 4.6 percent compared to 2012.

U.S. steel product inventories totaled 7.9 million tons at the end of the month, down 11.9 percent from a year ago, and a decrease of 1.0 percent from May. At June shipping rates, that represented 2.4 months of supply, down from 2.6 months in June 2012.

U.S. service centers shipped 121,900 tons of aluminum products in June, a decrease of 5.4 percent from the same month the previous year. Year-to-date aluminum shipments totaled 739,000 tons, down 6.8 percent from 2012.

U.S. inventories of aluminum products totaled 366,900 tons at the end of June, a decrease of 2.7 percent from 2012, and down 0.2 percent from May. At June shipping rates, that represented 3.0 months of supply, up from 2.9 months in 2012.

Canadian service centers shipped 453,700 tons of steel products in June, down 14.6 percent from the same month in 2012. For the year to date, steel shipments totaled almost 3.0 million tons, down 10.6 percent.

Canadian steel product inventories totaled 1.5 million tons at the end of the month, a decrease of 7.4 percent from last year, and a decrease of 2.4 percent from May. At June shipping rates, that represented 3.3 months of supply, up from 3.0 months in June 2012.

Canadian service centers shipped 12,900 tons of aluminum products in June, a decrease of 4.8 percent from the same month last year. Year-to-date aluminum shipments totaled 79,900 tons, down 4.2 percent from 2012.

Canadian inventories of aluminum products totaled 36,000 tons at the end of June, a decrease of 1.9 percent from 2012, and down 3.2 percent from May. At June shipping rates, that represented 2.8 months of supply, up from 2.7 months last year.

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