Jan. 22, 2014

MSCI Reports Strong End to 2013
 
Thanks to a strong finish, steel shipments by U.S. service centers saw a slight increase in 2013 compared to the previous year, according to the year-end Metals Activity Report from the Metals Service Center Institute, Rolling Meadows, Ill. U.S. steel shipments were the only product category to report year-over-year gains.

U.S. service centers shipped 2.9 million tons of steel products in December, up 16.5 percent from the same month in 2012. For the year to date, steel shipments totaled 41.4 million tons, up 0.3 percent compared to the previous year.

U.S. service center steel product inventories totaled 8.4 million tons at the end of the month, down 2.1 percent from 2012, but an increase of 0.5 percent from November. At December shipping rates, that represented 2.8 months of supply, down from the 3.4 months the previous year.

U.S. service centers shipped 104,200 tons of aluminum products in December, an increase of 13.3 percent from the same month in 2012. Year-to-date aluminum shipments totaled 1.5 million tons, down a slight 0.7 percent from last year.

U.S. service center inventories of aluminum products totaled 377,800 tons at the end of the December, up 3.3 percent from 2012, and up 0.1 percent from November. At December shipping rates, that represented 3.6 months of supply, down from 4.0 the previous year.

Canadian service centers shipped 348,700 tons of steel products during the month, up 3.0 percent from December 2012. For the year to date, steel shipments totaled 5.7 million tons, down 6.5 percent.

Canadian steel product inventories totaled 1.4 million tons at the end of the month, a decrease of 25.5 percent from 2012, but an increase of 0.8 percent from November. At December shipping rates, that represented 3.9 months of supply, down from 5.4 months last year.

Canadian service centers shipped 8,800 tons of aluminum products in December, an increase of 3.5 percent from the same month the previous year. Year-to-date aluminum shipments totaled 153,100 tons, down 2.5 percent from 2012.

Canadian inventories of aluminum products totaled 36,400 tons at the end of the month, a decrease of 6.2 percent from last year, but up 4.8 percent from November. At December shipping rates, that represented 4.1 months of supply, down from 4.5 months last year.

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Monday, July 25, 2016