Aug. 19, 2015

Service Center Shipments of Steel, Aluminum Dip in July
 
Service center shipments of both steel and aluminum declined in July compared to June in both the United States and Canada. Shipments of steel products in the U.S. and Canada remained well behind 2014 through seven months, while the countries’ aluminum shipments increased slightly from the prior year, reports the Metals Service Center Institute, Rolling Meadows, Ill.
 
U.S. service centers shipped 3.4 million tons of steel products in July, down 7.0 percent from July 2014 and 3.5 percent from the previous month. Through the first seven months of 2015, shipments of 35.4 million tons were down 5.3 percent compared to the prior year.

Service center steel inventories totaled 9.2 million tons at the end of the month, up 5.0 percent over July 2014 and up 0.4 percent from the previous month. At July shipping rates, that represented 2.7 months of supply, up from 2.4 months in 2014.

U.S. service centers shipped 138,300 tons of aluminum products in July, a decrease of 0.6 percent from the same month last year and down 3.2 percent from June. For the year to date, aluminum shipments increased 0.9 percent to 952,700 tons.

U.S. service center inventories of aluminum products totaled 400,800 tons at the end of the month, up 3.1 percent from a year ago and up 0.9 percent from the prior month. At July shipping rates, that represented 2.9 months of supply, up from 2.8 months a year earlier.

Canadian service centers shipped 413,000 tons of steel products in July, a decrease of 14.4 percent from both July 2014 and the prior month. Through the first seven months of 2015, steel shipments declined 7.9 percent to 3.1 million tons.

Canadian steel product inventories totaled 1.6 million tons at the end of the month, an 11.0 percent increase from the same month a year ago, but a decrease of 2.2 percent compared to June. At July shipping rates, that represented 3.9 months of supply, up from the 3.0 months last year.

Canadian service centers shipped 13,400 tons of aluminum products during the month, a 3.1 percent decrease from the same month last year and down 9.5 percent from the previous month. For the year to date, Canadian aluminum shipments increased 0.8 percent to 93,300 tons.

Canadian inventories of aluminum products totaled 41,400 tons in July, up 7.4 percent from a year ago and up 1.5 percent June. At July shipping rates, that represented 3.1 months of supply, up from 2.8 months in 2014.

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Sunday, December 17, 2017