Dec. 17, 2014

Service Center Shipments Ahead of 2013 Pace
 
Continuing the 2014 uptrend, service center shipments of steel and aluminum in the U.S. increased in November, as did aluminum shipments in Canada, reports the Metals Service Center Institute, Rolling Meadows, Ill. Canada’s yearlong pattern of declining steel shipments also held firm during the month.

U.S. service centers shipped 3.1 million tons of steel products in November, up 1.5 percent from the same month in 2013, but down 20.3 percent from October, which featured more shipping days. For the year to date, steel shipments increased 4.1 percent to 40.0 million tons.

Service center steel inventories totaled 9.2 million tons at the end of November, up 15.2 percent from the same month last year, but down 1.2 percent compared to the previous month. At November shipping rates, that represented 3.0 months of supply, up from 2.6 months last year.

U.S. service centers shipped 116,200 tons of aluminum in November, up 1.1 percent from the same month last year, but down 21.2 percent from the previous month. Year-to-date shipments totaled 1.5 million tons, a 7.9 percent increase from last year.

U.S. service center inventories of aluminum products totaled 404,100 tons at the end of November, up 8.0 percent from 2013 and up 0.1 percent from the previous month. At November shipping rates, that represented 3.5 months of supply, up from 3.3 months last year.

Canadian service centers shipped 449,900 tons of steel in November, a 4.9 percent decrease from 2013 and a 4.6 percent decline from October. For the year to date, Canadian steel shipments of 5.3 million tons were down 0.7 percent from last year.

Canadian steel product inventories totaled 1.6 million tons at the end of the month, up 26.6 percent from the same month last year and 2.9 percent from October. At November shipping rates, that represented 3.5 months of supply, up from 2.7 months last year.

Canadian service centers shipped 13,300 tons of aluminum in November, an increase of 4.2 percent from 2013, but down 13.1 percent from October. Year-to-date shipments of aluminum totaled 150,000 tons, an increase of 4.3 percent from last year.

Canadian inventories of aluminum products totaled 39,900 tons at the end of the month, up 14.9 percent from last year and up 1.7 percent from the previous month. At November shipping rates, that represented 3.0 months of supply, up from 2.7 months last year.

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Thursday, October 19, 2017