March 2, 2016
Red Metal Shipments Decline in January
Red metal shipments declined in January compared to the same month in 2015, reports the Copper and Brass Servicenter Association, Overland Park, Kan. Shipments were up compared with the holiday-shortened prior month.
Total copper shipments of 10.2 million pounds declined 9.7 percent compared with January 2015, while alloy shipments of 9.9 million pounds were off 10.7 percent. Altogether, January shipments declined 10.7 percent compared with the prior year. Compared with the prior month, copper shipments jumped 20.5 percent and alloy shipments increased 22.5 percent.
Among major product categories, only copper sheet showed a January increase compared with the same month in 2015. Copper sheet shipments increased 2.4 percent to 4.4 million pounds. The biggest declines were seen in copper rod, down 17.6 percent to 5.1 million pounds; 300 series rod and bar, down 13.5 percent to 4.2 million pounds; and 200 series brass sheet, down 7.3 percent to 3.8 million pounds.