Oct. 28, 2015

September Steel Inventories Below 2014 Levels

Service center inventories of steel products in the United States and Canada declined below 2014 levels in September for the first time all year, reports the Metals Service Center Institute, Rolling Meadows, Ill. Shipments of steel continued to lag 2014, while aluminum shipments remained slightly ahead of last year’s pace.

U.S. service centers shipped 3.3 million tons of steel products in September, down 10.9 percent from September 2014 and 1.4 percent from the previous month. Through the first nine months of the year, shipments of 30.9 million tons were down 6.3 percent compared to the prior year.

U.S. service center steel inventories totaled 9.2 million tons at the end of the month, down 1.9 percent from 2014, but up 0.1 percent from August. At September shipping rates, that represented 2.8 months of supply, up from 2.6 months in 2014.

U.S. service centers shipped 130,000 tons of aluminum products during the month, a decrease of 2.8 percent from the same month last year and 1.3 percent from August. For the year to date, aluminum shipments increased 0.1 percent to 1.2 million tons.

U.S. service center inventories of aluminum products totaled 400,100 tons at the end of the month, down 0.8 percent from a year ago, but up 0.8 percent from the prior month. At September shipping rates, that represented 3.1 months of supply, down from 3.0 months in 2014.

Canadian service centers shipped 451,600 tons of steel products in September, a decrease of 8.7 percent from 2014, but an increase of 5.5 percent from the prior month. Through the first nine months of 2015, Canadian steel shipments declined 7.8 percent to 4.0 million tons.

Canadian steel product inventories totaled 1.5 million tons at the end of the month, a 3.3 percent decrease from the same month a year ago and down 5.7 percent compared to August. At September shipping rates, that represented 3.2 months of supply, up from 3.1 months last year.

Canadian service centers shipped 14,300 tons of aluminum products during the month, an increase of 4.3 percent from the same month last year and up 5.9 percent from August. For the year to date, aluminum shipments increased 1.3 percent to 123,200 tons.

Canadian inventories of aluminum products totaled 42,400 tons in September, up 4.9 percent from a year ago and flat with the prior month. At September shipping rates, that represented 3.0 months of supply, up from 2.8 months in 2014.


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Sunday, October 22, 2017