May 27, 2015

Service Center Shipments Decline in April
 
Service center shipments of both steel and aluminum declined in April compared to the prior month, continuing the uneven start to 2015. Shipments of steel products in the U.S. and Canada remain behind last year’s pace, while aluminum shipments have outpaced 2015, reports the Metals Service Center Institute, Rolling Meadows, Ill.

U.S. service centers shipped 3.5 million tons of steel products during the month, down 9.0 percent from April 2014 and 6.0 percent from the previous month. Through the first four months, shipments of 14.0 million tons were down 3.6 percent compared to last year.

Service center steel inventories totaled 9.5 million tons at the end of the month, up 10.1 percent over April a year ago, but down 0.1 percent from the previous month. At April shipping rates, that represented 2.7 months of supply, up from 2.3 months the previous year.

U.S. service centers shipped 140,400 tons of aluminum products in April, an increase of 1.0 percent from the same month in 2014, but down 0.1 percent from March. For the year to date, aluminum shipments increased 1.6 percent to 540,100 tons compared to 2014.

U.S. service center inventories of aluminum products totaled 397,700 tons at the end of April, up 1.4 percent from a year ago and up 0.1 percent from March. At April shipping rates, that represented 2.8 months of supply, flat with the previous year.

Canadian service centers shipped 463,700 tons of steel products in April, a decrease of 6.6 percent from the same month in 2014 and down 3.7 percent from the prior month. Through the first four months of 2015, steel shipments declined 6.5 percent to 1.8 million tons.

Canadian steel product inventories totaled 1.8 million tons at the end of the month, a 24.0 percent increase from April a year ago, but a decrease of 3.6 percent compared to March. At April shipping rates, that represented 3.8 months of supply, up from the 2.9 months last year.

Canadian service centers shipped 13,900 tons of aluminum products in April, a 4.1 percent increase from the same month last year, but down 0.3 percent from March. For the year to date, Canadian aluminum shipments increased 2.4 percent to 54,000 tons.

Canadian inventories of aluminum products totaled 42,200 tons in April, up 6.8 percent from a year ago, but down 1.8 percent from the prior month. At April shipping rates, that represented 3.0 months of supply, flat with the prior year.

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Sunday, December 17, 2017