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Dec. 18, 2013

Steel Shipments Dip in November
 
The year-end rebound in service center shipments backslid a bit in November, according to the latest Metals Activity Report from the Metals Service Center Institute, Rolling Meadows, Ill. U.S. aluminum shipments were the only product group to show improvement over the same month in 2012.

U.S. service centers shipped 3.1 million tons of steel products in November, down 0.7 percent from the same month last year. For the year to date, steel shipments totaled 38.4 million tons, down 0.8 percent compared to 2012.

U.S. steel product inventories totaled 8.0 million tons at the end of the month, down 2.3 percent from 2012, but an increase of 0.1 percent from October. At November shipping rates, that represented 2.6 months of supply, the same as 2012.

U.S. service centers shipped 114,900 tons of aluminum products in November, an increase of 5.3 percent from the same month last year. Year-to-date aluminum shipments totaled 1.4 million tons, down 1.6 percent from last year.

U.S. inventories of aluminum products totaled 374,300 tons at the end of the month, up 2.4 percent from 2012, and up 1.4 percent from October. At November shipping rates, that represented 3.3 months of supply, flat with last year.

Canadian service centers shipped 473,000 tons of steel products in November, down 4.5 percent from the same month in 2012. For the year to date, steel shipments totaled 5.4 million tons, down 7.0 percent.

Canadian steel product inventories totaled 1.3 million tons at the end of the month, a decrease of 24.8 percent from November 2012, and an increase of 0.9 percent from the previous month. At November shipping rates, that represented 2.7 months of supply, down from 3.4 months last year.

Canadian service centers shipped 12,800 tons of aluminum products in November, a decrease of 2.0 percent from the same month in 2012. Year-to-date aluminum shipments totaled 144,300 tons, down 2.9 percent from last year.

Canadian inventories of aluminum products totaled 34,700 tons at the end of November, a decrease of 11.7 percent from last year, and down 0.6 percent from October. At November shipping rates, that represented 2.7 months of supply, down from 3.0 months last year.

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