Nov. 26, 2014

U.S. Service Center Inventories Dip in October
 
The yearlong buildup of steel and aluminum inventories in U.S. service centers dipped a bit in October, though Canadian stocks continued to grow, reports the Metals Service Center Institute, Rolling Meadows, Ill., in its latest Metals Activity Report.

U.S. service centers shipped 3.9 million tons of steel products in October, up 3.2 percent from the same month in 2013 and 6.8 percent from September. For the year to date, steel shipments increased 4.3 percent to 36.9 million tons.

Service center steel inventories totaled 9.3 million tons at the end of the month, up 15.5 percent from October 2013, but down 0.3 percent compared to the previous month. At the October shipping rate, that represented 2.4 months of supply, up from 2.1 months last year.

U.S. service centers shipped 147,600 tons of aluminum in October, up 8.6 percent from the same month last year and 10.1 percent from September. Year-to-date shipments totaled 1.4 million tons, an 8.5 percent increase from 2013.

U.S. service center inventories of aluminum products totaled 403,100 tons at the end of October, up 9.3 percent from 2013, but down 1.1 percent from the previous month. At the October shipping rate, that represented 2.7 months of supply, flat with last year.

Canadian service centers shipped 517,200 tons of steel in October, a 2.8 percent decrease from 2013, but a 4.6 percent increase from September. For the year to date, Canadian steel shipments of 4.4 million tons were down 0.3 percent from 2013.

Canadian steel product inventories totaled 1.5 million tons at the end of the month, up 24.0 percent from October 2013 and 2.1 percent from the previous month. At October shipping rates, that represented 3.0 months of supply, up from 2.3 months last year.

Canadian service centers shipped 15,300 tons of aluminum in October, an increase of 8.5 percent from 2013 and up 6.3 percent from September. Year-to-date shipments of aluminum totaled 137,200 tons, an increase of 4.3 percent from last year.

Canadian inventories of aluminum products totaled 40,600 tons in October, up 17.4 percent from last year and 0.1 percent from the previous month. At October shipping rates, that represented 2.7 months of supply, up from 2.5 months last year.

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Monday, October 23, 2017