Aug. 7, 2013
Red Metal Shipments Down Through First Half
Service center shipments of red metals declined through the first six months of 2013, reports the Copper and Brass Servicenter Association, Overland Park, Kan. Total warehouse shipments dipped 3.4 percent, compared to the first half of 2012, to 135.1 million pounds.
Total copper shipments of 63.6 million pounds were down 2.1 percent from last year, while alloy shipments of 71.5 million pounds were off 4.4 percent.
Plate shipments suffered the biggest year-over-year declines, with copper plate down 13.9 percent to 2.8 million pounds, 200 series brass plate down 14.4 percent to 492,000 pounds, and all other alloy plate off 40.6 percent to 597,000 pounds. Alloy sheet was the only red metal product showing yearly gains, up 6.5 percent to 6.5 million pounds.
The declines were even more dramatic in June, compared with June 2012. Total warehouse shipments of 22.9 million pounds were down 7.2 percent. Copper shipments declined 6.4 percent to 10.8 million pounds, while alloy shipments dropped 7.9 percent to 12.1 million pounds.
June shipments were also down compared to May. Total warehouse shipments were off 7.1 percent, while copper shipments were off 3.8 percent and alloy shipments were off 10.2 percent, compared to the previous month. Mitigating the declines was the fact there were two fewer shipping dates in June compared to May, and one fewer than June 2012.