Nov. 25, 2015
 
Aluminum Shipments Lag 2014

Service center shipments of aluminum products in the United States and Canada fell behind their 2014 pace for the first time since January, reports the Metals Service Center Institute, Rolling Meadows, Ill. Shipments of steel through October remained well behind last year’s pace, according to MSCI’s latest Metals Activity Reports.

U.S. service centers shipped 3.4 million tons of steel products in October, down 14.0 percent from October 2014, but up 3.2 percent from the previous month. Through the first 10 months of the year, steel shipments of 34.2 million tons were up 7.2 percent compared to the prior year.

U.S. service center steel inventories totaled 8.9 million tons at the end of October, down 4.2 percent from 2014 and down 2.9 percent from September. At October shipping rates, that represented 2.7 months of supply, up from 2.4 months in 2014.

U.S. service centers shipped 134,900 tons of aluminum products during the month, a decrease of 8.1 percent from 2014, but up 3.8 percent from September. For the year to date, aluminum shipments decreased 0.8 percent to 1.3 million tons.

U.S. service center inventories of aluminum products totaled 401,300 tons at the end October, up 0.9 percent from a year ago and up 0.1 percent from September. At October shipping rates, that represented 3.0 months of supply, up from 2.7 percent in 2014.

Canadian service centers shipped 422,400 tons of steel products in October, a decrease of 18.3 percent from October 2014 and down 4.3 percent from the previous month. For the year to date, Canadian steel shipments declined 8.9 percent to 4.4 million tons.

Canadian steel product inventories totaled 1.4 million tons at the end of the month, a 12.3 percent decrease from the same month a year ago and down 7.2 percent compared to September. At October shipping rates, that represented 3.2 months of supply, up from 3.0 months last year.

Canadian service centers shipped 12,900 tons of aluminum products during the month, a decrease of 15.5 percent from the same month last year and down 9.8 percent from September. For the year to date, aluminum shipments decreased 0.8 percent to 136,100 tons.

Canadian inventories of aluminum products totaled 37,600 tons in October, down 7.2 percent from a year ago and down 11.3 percent from September. At October shipping rates, that represented 2.9 months of supply, up from 2.7 months in 2014.


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Monday, October 23, 2017