Dec. 23, 2015

Service Center Inventories Hit Year's Low

North American service centers slashed inventory levels in November, reports the Metals Service Center Institute, Rolling Meadows, Ill., in its latest Metals Activity Report. Stocking levels of steel and aluminum in service centers in the United States and Canada hit 2015 lows during the month.

U.S. service centers shipped 2.9 million tons of steel products in November, down 8.1 percent from the same month in 2014 and 14.9 percent from the prior month. Year-to-date shipments of 37.1 million tons were down 7.2 percent from 2014.

U.S. service center steel inventories totaled 8.6 million tons at the end of the month, down 7.0 percent from November 2014 and 4.2 percent from October. At November shipping rates, that represented 3.0 months of supply, flat with 2014.

U.S. service centers shipped 111,900 tons of aluminum products during the month, a decrease of 3.3 percent from the previous year and down 17 percent from the previous month. For the year to date, aluminum shipments decreased 1.0 percent to 1.5 million tons.

U.S. service center inventories of aluminum products totaled 391,300 tons at the end of November, down 2.0 percent from a year ago and 2.5 percent from October. At November shipping rates, that represented 3.5 months of supply, level with the same month in 2014.

Canadian service centers shipped 399,000 tons of steel products during the month, a decrease of 11.3 percent from October 2014 and down 5.5 percent from October. For the year to date, Canadian steel shipments declined 9.1 percent to 4.8 million tons.

Canadian steel product inventories totaled 1.3 million tons at the end of the month, a 19.1 percent decrease from the same month in 2014 and down 5.1 percent compared to October. At November shipping rates, that represented 3.2 months of supply, down from 3.5 months last year.

Canadian service centers shipped 11,600 tons of aluminum products during the month, a decrease of 12.9 percent from the same month last year and down 12.8 percent from the prior month. For the year to date, aluminum shipments decreased 1.8 percent to 147,700 tons.

Canadian inventories of aluminum products totaled 35,700 tons in November, down 10.7 percent from a year ago and down 5.1 percent from October. At November shipping rates, that represented 3.1 months of supply, up from 3.0 months in 2014.
 

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Sunday, December 17, 2017