March 16, 2016

Shipments Remain Behind 2015 Pace

Service center shipments of steel and aluminum in February remained behind the pace from the first two months of 2015 in the United States and Canada, reports the Metals Service Center Institute, Rolling Meadows, Ill. Inventories of most products continued to decline.

U.S. service centers shipped 3.2 million tons of steel products during February, down 4.6 percent from the same month in 2015, but up 4.1 percent from January. Shipments of 6.2 million tons were down 9.1 percent for the year to date.

Service center steel inventories totaled 7.8 million tons at the end of the month, down 20.6 percent from February 2015 and 2.4 percent compared to the previous month. At February shipping rates, that represented 2.5 months of supply, down from 3.0 months the previous year.

U.S. service centers shipped 128,000 tons of aluminum during the month, down 0.4 percent from the same month in 2015, but up 4.0 percent from the prior month. For the year to date, shipments of 251,000 tons were down 3.0 percent from 2015.

U.S. service center inventories of aluminum products totaled 378,300 tons at the end of the month, down 7.7 percent from the previous year and 1.0 percent from January. At February shipping rates, that represented 3.0 months of supply, down from 3.2 in the same month in 2015.

Canadian service centers shipped 396,900 tons of steel in February, a 2.0 percent increase from the same month in 2015 and up 1.8 percent from the prior month. Year-to-date shipments of 786,500 were down 1.0 percent from the first two months of 2015.

Canadian steel product inventories totaled 1.2 million tons at the end of the month, down 21.6 percent from the same month last year and 3.1 percent from January. At February shipping rates, that represented 3.1 months of supply, down from 4.0 months the previous year.

Canadian service centers shipped 10,300 tons of aluminum during the month, a decrease of 4.7 percent from 2015, but up 5.1 percent from January. For the year to date, shipments totaled 20,200 tons, a 10.0 percent decline from 2015.

Canadian inventories of aluminum products totaled 32,100 tons at the end of the month, down 17.9 percent from February 2015, but up 5.2 percent from the prior month. At February shipping rates, that represented 3.1 months of supply, down from 3.6 months the prior year.
 

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Monday, October 23, 2017