March 30, 2016

Red Metal Shipments Lag 2015

Red metal shipments from service centers declined in February compared with both the same month in 2015 and the prior month. Shipments also were down significantly through the first two months of the year compared with last year, reports the Copper and Brass Servicenter Association, Overland Park, Kan. The average daily shipping rate in February was higher than the previous month.

Copper shipments of 9.6 million pounds declined 5.7 percent compared with January and were down 5.9 percent compared with the same month in 2015. Alloy shipments of 9.4 million pounds were down 5.9 percent against the prior month and down 5.1 percent compared with February 2015.

For the year to date, copper shipments of 20.0 million pounds declined 7.9 percent compared with the first two months of 2015, while alloy shipments dipped 8.4 percent to 19.2 million pounds. Total warehouse shipments of 39.1 million pounds were down 8.2 percent compared with 2015.

Shipments of most major products declined in the first two months, including 300 series rod and bar, down 16.5 percent to 7.8 million pounds, and copper rod, down 14.1 percent to 9.8 million pounds. Copper sheet was the only major product to increase shipments for the year to date, with shipments of 8.6 million pounds up 1.9 percent compared with the first two months of 2015.


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Monday, December 18, 2017