May 25, 2016
 
Service Center Shipments Trail 2015 Pace

Through April, shipments of steel and aluminum by service centers in the U.S. and Canada remained well behind the first four months of 2015, reports the Metals Service Center Institute in Rolling Meadows, Ill.

U.S. service centers shipped 3.2 million tons of steel products during the month, down 6.3 percent from the same month in 2015 and 2.6 percent from March. Through the first four months of 2016, shipments of 12.8 million tons were down 8.5 percent compared with last year.

Service center steel inventories totaled 7.7 million tons at the end of the month, down 19.3 percent from the same month last year and 0.5 percent compared with the prior month. At April shipping rates, that represented 2.4 months of supply, down from 2.7 months the previous year.

U.S. service centers shipped 128,000 tons of aluminum during the month, down 8.8 percent from April 2015 and 6.7 percent from the prior month. For the year to date, aluminum shipments of 516,200 tons were down 4.4 percent from 2016.

U.S. service center inventories of aluminum products totaled 384,100 tons at the end of the month, down 3.4 percent from the previous year, but up 0.1 percent from the prior month. At April shipping rates, that represented 3.0 months of supply, down from 3.7 months in April 2015.

Canadian service centers shipped 372,800 tons of steel in April, a 12.9 percent decrease from the same month in 2015 and down 4.9 percent from March. Year-to-date shipments of 1.6 million tons were down 6.8 percent from last year.

Canadian steel product inventories totaled 1.3 million tons at the end of the month, down 20.7 percent from the same month last year, but up 6.9 percent from March. At April shipping rates, that represented 3.4 months of supply, down from 3.7 months the previous year.

Canadian service centers shipped 10,000 tons of aluminum during April, a decrease of 15.8 percent from the previous year and 13.0 percent lower than March. For the year to date, shipments totaled 41,800 tons, a 10.7 percent decline from 2015.

Canadian inventories of aluminum products totaled 33,200 tons at the end of the month, down 12.4 percent from April 2015, but up 5.1 percent from the prior month. At April shipping rates, that represented 3.3 months of supply, up from 3.2 months during the same month of 2015.

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Tuesday, October 24, 2017