July 22, 2015

Service Center Shipments Climb in June
 
Service center shipments of both steel and aluminum rebounded in June compared to the lowly results in May, reports the Metals Service Center Institute, Rolling Meadows, Ill. Shipments of steel products in the U.S. and Canada continue to lag 2014, while aluminum shipments are slightly ahead of the prior year.

U.S. service centers shipped 3.6 million tons of steel products in June, down 3.2 percent from the prior year, but up 8.8 percent from the previous month. Through the first five months, shipments of 20.8 million tons were down 5.0 percent compared to 2014.

Service center steel inventories totaled 9.2 million tons at the end of the month, up 7.1 percent over June 2014, but down 2.1 percent from the previous month. At June shipping rates, that represented 2.6 months of supply, up from 2.3 months the prior year.

U.S. service centers shipped 143,000 tons of aluminum products in June, an increase of 3.7 percent from 2014 and up 8.8 percent from May. For the year to date, aluminum shipments increased 1.1 percent to 814,400 tons compared to 2014.

U.S. service center inventories of aluminum products totaled 397,200 tons at the end of the month, up 3.1 percent from a year ago and up 0.1 percent from May. At June shipping rates, that represented 2.8 months of supply, flat with the prior year.

Canadian service centers shipped 482,300 tons of steel products in June, an increase of 0.3 percent from the same month in 2014 and up 11.0 percent from the prior month. Through the first five months of 2015, steel shipments declined 6.8 percent to 2.7 million tons.

Canadian steel product inventories totaled 1.7 million tons at the end of June, a 19.7 percent increase from the same month a year ago, but a decrease of 0.3 percent compared to May. At June shipping rates, that represented 3.5 months of supply, up from the 2.9 months last year.

Canadian service centers shipped 14,800 tons of aluminum products in June, a 6.6 percent increase from the same month last year and up 12.1 percent from the prior month. For the year to date, Canadian aluminum shipments increased 0.7 percent to 82,000 tons.

Canadian inventories of aluminum products totaled 40,800 tons in June, up 8.6 percent from a year ago, but down 3.3 percent from the prior month. At June shipping rates, that represented 2.8 months of supply, up from 2.8 months in 2014.

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Monday, October 23, 2017