Aug. 17, 2016

U.S. Service Center Inventories Climb in July

Service center shipments of steel and aluminum products continued to trail 2015 in both the U.S. and Canada, while inventories began to trend upward, reports the Metals Service Center Institute, Rolling Meadows, Ill., in its July Metals Activity Report. Inventories of steel and aluminum in the U.S. and aluminum in Canada climbed from the prior month.

U.S. service centers shipped 2.9 million tons of steel products in July, down 15.2 percent from the same month in 2015 and down 13.9 percent from June. For the year to date, shipments of 22.3 million tons were down 8.1 percent compared with 2015.

Service center steel inventories totaled 7.8 million tons at the end of the month, a decrease of 14.5 percent from June 2015, but up 2.7 percent from the prior month. At July shipping rates, that represented 2.7 months of supply, flat with the previous year.

U.S. service centers shipped 117,900 tons of aluminum during the month, down 14.8 percent from July 2015 and down 13.6 percent from June. Year-to-date aluminum shipments of 895,300 tons were down 6.0 percent from last year.

U.S. service center inventories of aluminum products totaled 395,500 tons at the end of July, down 1.3 percent from 2015, but up 1.1 percent from the prior month. At July shipping rates, that represented 3.4 months of supply, up from 2.9 months the prior year.

Canadian service centers shipped 318,700 tons of steel in July, a 14.9 percent decrease from the same month in 2015 and down 14.8 percent from the previous month. Year-to-date shipments of 2.6 million tons were down 8.4 percent from 2015.

Canadian steel product inventories totaled 1.1 million tons at the end of the month, down 25.6 percent from the same month in 2015 and 0.1 percent from June. At July shipping rates, that represented 3.5 months of supply, down from 4.0 months the previous year.

Canadian service centers shipped 8,800 tons of aluminum during the month, a decrease of 25.1 percent from the previous year and 18.5 percent from June. Shipments through the first seven months of 2016 totaled 72,200 tons, a decrease of 12.9 percent from 2015.

Canadian inventories of aluminum products totaled 31,300 tons at the end of the month, down 16.3 percent from July 2015 and 0.2 percent from the prior month. At July shipping rates, that represented 3.5 months of supply, up from 3.2 months in July 2015.


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Monday, October 23, 2017