April 1, 2015
Copper Shipments Dip in February
Total red metal shipments declined 2.9 percent in February compared to the same month last year, reports the Copper and Brass Servicenter Association, Overland Park, Kan. Copper shipments fell 15.3 percent to 10.3 million pounds, while alloy shipments increased 13.9 percent to 10.3 million pounds.
For the year to date, copper shipments declined 6.5 percent to 21.7 million pounds, while alloy shipments grew 2.7 percent to 21.3 million pounds. Total shipments were off 2.2 percent to 43.0 million pounds.
Compared to January, shipments of both products were down more than 9 percent, though there was one fewer shipping day in February.
Products showing the biggest gain in February compared to the same month the previous year included 200 series brass sheet, up 75.8 percent to 3.6 million pounds; copper plate, up 11.5 percent to 562,000 pounds; and other alloy sheet, up 8 percent to 909,000 pounds. The biggest declines were seen in copper sheet shipments, down 27.0 percent to 4.1 million pounds, and copper rod, down 6.9 percent to 5.3 million pounds.