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Nov. 27, 2013

Service Center Shipments Continue Climb in October
 
North American service center shipments continued a year-end rebound with improvements in both steel and aluminum in the United States and Canada. Inventories rose in the United States and continued to fall in Canada, though the months of supply on hand for all products hit yearly lows, according to the latest Metals Activity Report from the Metals Service Center Institute, Rolling Meadows, Ill.

U.S. service centers shipped 3.8 million tons of steel products in October, an increase of 8.0 percent from the same month in 2012. For the year to date, steel shipments totaled 35.3 million tons, down a modest 0.8 percent compared to 2012.

U.S. steel product inventories totaled 8.1 million tons at the end of the month, down 4.6 percent from 2012, but an increase of 0.1 percent from September. At October shipping rates, that represented 2.1 months of supply, down from 2.4 months last year.

U.S. service centers shipped 135,800 tons of aluminum products in October, an increase of 8.7 percent from the same month in 2012. Year-to-date aluminum shipments totaled 1.3 million tons, down 2.2 percent from last year.

U.S. inventories of aluminum products totaled 368,900 tons at the end of the month, a decrease of 0.8 percent from 2012, but up 1.7 percent from September. At October shipping rates, that represented 2.7 months of supply, down from 3.0 months last year.

Canadian service centers shipped 531,900 tons of steel products in October, up 1.6 percent from the same month last year. For the year to date, steel shipments totaled 4.9 million tons, down 7.3 percent.

Canadian steel product inventories totaled 1.2 million tons at the end of the month, a decrease of 24.6 percent from last year, and a decrease of 4.0 percent from the previous month. At October shipping rates, that represented 2.3 months of supply, down from 3.2 months last year.

Canadian service centers shipped 14,100 tons of aluminum products in October, an increase of 0.5 percent from the same month in 2012. Year-to-date aluminum shipments totaled 131,500 tons, down 3.0 percent from last year.

Canadian inventories of aluminum products totaled 35,000 tons at the end of October, a decrease of 12.8 percent from last year, and down 1.4 percent from September. At October shipping rates, that represented 2.8 months of supply, down from 2.5 months last year.

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Wednesday, October 01, 2014