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Aug. 20, 2014

Service Center Shipments Grow in July
 
Service center shipments of both steel and aluminum continued their upward path in July with growth in the United States and Canada, reports the Metals Service Center Institute, Rolling Meadows, Ill.

U.S. service centers shipped 3.7 million tons of steel products in July, a 6.9 percent increase from the same month last year. For the year to date, shipments increased 4.5 percent to 25.7 million tons.

Service center steel product inventories totaled 8.7 million tons at the end of the month, up 11.4 percent from 2013 and up 2.3 percent from the previous month. At July shipping rates, that represented 2.4 months of supply, up from 2.3 months the previous year.

U.S. service centers shipped 139,600 tons of aluminum products during the month, an increase of 8.6 percent from the same month last year. Year-to-date shipments totaled 948,000 tons, 9.3 percent greater than 2013.

U.S. service center inventories of aluminum products totaled 389,300 tons at the end of the month, up 6.0 percent from the same month in 2013, and up 1.1 percent from June. At July shipping rates, that represented 2.8 months of supply, down from 2.9 percent the previous year.

Canadian service centers shipped 482,400 tons of steel products in July, a 5.0 percent increase from the previous year. For the year to date, Canadian shipments of 3.4 million tons were flat with 2013.

Canadian steel product inventories totaled 1.5 million tons at the end of the month, an increase of 0.4 percent from the same month in 2013, and up 1.0 percent from June. At July shipping rates, that represented 3.0 months of supply, down from 3.2 months the previous year.

Canadian service centers shipped 13,800 tons of aluminum products in July, an increase of 11.4 percent from the same month in 2013. Year-to-date shipments of aluminum products totaled 94,600 tons, an increase of 2.5 percent from last year.

Canadian inventories of aluminum products totaled 38,600 tons at the end of the month, an increase of 6.6 percent from last year, and up 2.9 percent from the previous month. At July shipping rates, that represented 2.8 months of supply, down from 2.9 months last year.

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Tuesday, June 28, 2016