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March 19, 2014

MSCI: Shipments Mixed in February
 
Service center shipments of steel products in February were flat in the United States and down in Canada, compared to the same month last year. Aluminum shipments were flat in Canada but up in the U.S., reports the Metals Service Center Institute, Rolling Meadows, Ill.

U.S. service centers shipped 7.0 million tons of steel products in February, up slightly from the same month in 2013. Service center inventories totaled 8.6 million tons at the end of the month, up 0.8 percent from February 2013 and 0.3 percent from the previous month. At February shipping rates, that represented 2.5 months of supply, about the same as the previous year.

U.S. service centers shipped 258,800 tons of aluminum products in February, an increase of 7.7 percent from the same month in 2013. U.S. service center inventories of aluminum products totaled 377,800 tons at the end of the month, up about 4.0 percent from February 2013 but down 1.2 percent from the previous month. At February shipping rates, that represented 3.0 months of supply, down from 3.2 months last year

Canadian service centers shipped 943,800 tons of steel products in February, down 4.2 percent from February 2013 but up significantly from January. Canadian steel product inventories totaled 1.4 million tons, a decrease of 21.2 percent from February 2013 and a dip of 1.0 percent from the previous month. At February shipping rates, that represented 3.1 months of supply, down from 3.8 months last year.

Canadian service centers shipped 25,600 tons of aluminum products in February, about the same as in February 2013 but up significantly from January. Canadian inventories of aluminum products totaled 39,300 tons at the end of the month, an increase of about 3.0 percent from last year and 3.8 percent from the previous month. At February shipping rates, that represented 3.3 months of supply, up from 3.2 months last year.

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