June 25, 2014
 
Service Center Shipments Decline
Service center shipments of both steel and aluminum declined for the second straight month in both the United States and Canada. Shipments of steel products in the U.S. and Canada remain well behind 2014, while aluminum shipments have barely outpaced the prior year, reports the Metals Service Center Institute, Rolling Meadows, Ill.

U.S. service centers shipped 3.3 million tons of steel products in May, down 9.0 percent from the prior year and 5.4 percent from the previous month. Through the first five months, shipments of 17.3 million tons were down 5.4 percent compared to 2014.

Service center steel inventories totaled 9.3 million tons at the end of the month, up 11.0 percent over May a year ago, but down 0.1 percent from the previous month. At May shipping rates, that represented 2.8 months of supply, up from 2.2 months in May 2014.

U.S. service centers shipped 131,400 tons of aluminum products in May, a decrease of 1.0 percent from the same month last year and down 6.4 percent from April. For the year to date, aluminum shipments increased 0.5 percent to 671,400 tons compared to 2014.

U.S. service center inventories of aluminum products totaled 398,100 tons at the end of the month, up 2.7 percent from a year ago and up 0.1 percent from April. At May shipping rates, that represented 3.0 months of supply, up from 2.9 months in May 2014.

Canadian service centers shipped 434,600 tons of steel products in May, a decrease of 14.7 percent from the same month in 2014 and down 6.2 percent from the prior month. Through the first five months of 2015, steel shipments declined 8.2 percent to 2.2 million tons.

Canadian steel product inventories totaled 1.7 million tons at the end of the month, a 23.6 percent increase from the same month a year ago, but a decrease of 0.3 percent compared to April. At May shipping rates, that represented 3.9 months of supply, up from the 2.7 months last year.

Canadian service centers shipped 13,200 tons of aluminum products in May, a 6.6 percent decrease from the same month last year and down 5.0 percent from April. For the year to date, Canadian aluminum shipments increased 0.5 percent to 67,200 tons.

Canadian inventories of aluminum products totaled 42,200 tons in May, up 9.2 percent from a year ago, but unchanged from the prior month. At May shipping rates, that represented 3.2 months of supply, down from 2.7 months in 2014.

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Tuesday, December 12, 2017