June 25, 2014

U.S. Steel, Aluminum Shipments Up Through May
 
U.S. shipments of metal products remained ahead of the 2013 pace, while Canadian shipments continued to lag in May, according to the latest Metals Activity Report from the Metals Service Center Institute, Rolling Meadows, Ill.

U.S. service centers shipped 3.7 million tons of steel products in May, up 2.6 percent from the same month in 2013. For the year to date, shipments increased 3.0 percent to 18.3 million tons.

Service center steel product inventories totaled 8.4 million tons at the end of the month, up 4.9 percent from May 2013, but down 2.3 percent from the previous month. At May shipping rates, that represented 2.2 months of supply, the same as the previous year.

U.S. service centers shipped 136,300 tons of aluminum products during the month, an increase of 3.0 percent from May 2013. Year-to-date shipments totaled 669,900 tons, 8.6 percent greater than the previous year.

U.S. service center inventories of aluminum products totaled 387,500 tons at the end of the month, up 5.3 percent from the same month in 2013, but down 1.0 percent from April. At May shipping rates, that represented 2.8 months of supply, level with the previous year.

Canadian service centers shipped 509,700 tons of steel products during the month, a 1.0 percent increase from May 2013. For the year to date, Canadian shipments declined 1.9 percent to 2.4 million tons.

Canadian steel product inventories totaled 1.4 million tons at the end of the month, a decrease of 9.0 percent from the same month in 2013, and down of 3.2 percent from April. At May shipping rates, that represented 2.7 months of supply, down from 3.0 months last year.

Canadian service centers shipped 14,100 tons of aluminum products in May, a decrease of 2.6 percent from the same month last year. Year-to-date shipments of aluminum products totaled 66,900 tons, a decrease of 0.2 percent from last year.

Canadian inventories of aluminum products totaled 38,700 tons at the end of the month, an increase of 4.0 percent from last year, but down 2.0 percent from April. At May shipping rates, that represented 2.7 months of supply, up from 2.6 months last year.

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Wednesday, August 31, 2016