June 22, 2016

Steel, Aluminum Shipments Remain Behind 2015

Service center shipments of steel and aluminum remain well behind the pace of the previous year in both the United States and Canada, reports the Metals Service Center Institute in its latest Metals Activity Report. Stocks of both metal products are also lower than they were through the first five months of 2015, the Rolling Meadows, Ill.-based trade group reports.

U.S. service centers shipped 3.2 million tons of steel products in May, down 2.3 percent from the same month in 2015 and 1.3 percent from April. For the year to date, shipments of 16.0 million tons were down 7.3 percent compared with the prior year.

Service center steel inventories totaled 7.6 million tons at the end of the month, a decrease of 18.9 percent from the same month last year and 0.9 percent compared with April. At May shipping rates, that represented 2.4 months of supply, down from 2.8 months the previous year.

U.S. service centers shipped 127,700 tons of aluminum during the month, down 2.8 percent from May 2015 and 0.1 percent from the prior month. Year-to-date aluminum shipments of 643,900 tons were down 4.1 percent from 2015.

U.S. service center inventories of aluminum products totaled 385,900 tons at the end of the month, down 3.1 percent from May 2015, but up 0.4 percent from the prior month. At May shipping rates, that represented 3.0 months of supply, flat with the prior year.

Canadian service centers shipped 388,600 tons of steel in May, a 2.1 percent decrease from the same month in 2015, but up 4.2 percent from April. Year-to-date shipments of 1.9 million tons were down 5.9 percent from 2015.

Canadian steel product inventories totaled 1.2 million tons at the end of the month, down 26.1 percent from the same month in 2015 and 12.9 percent from April. At May shipping rates, that represented 3.0 months of supply, down from 3.9 months the previous year.

Canadian service centers shipped 10,800 tons of aluminum during the month, a decrease of 5.3 percent from the previous year, but up 8.0 percent from April. Shipments through the first five months of 2016 totaled 52,600 tons, 9.7 percent behind 2015.

Canadian inventories of aluminum products totaled 31,100 tons at the end of the month, down 17.8 percent from May 2015 and 6.3 percent from the prior month. At May shipping rates, that represented 2.9 months of supply, up from 3.3 months during the same month of 2015.


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Tuesday, October 17, 2017