Sept. 28, 2016

MSCI: Shipments Up in August

U.S. service center shipments of steel and aluminum products increased in August, but they remained well behind year-to-date shipments in 2015, reports the Metals Service Center Institute, Rolling Meadows, Ill., in its monthly Metals Activity Report.

U.S. service centers shipped 3.4 million tons of steel products in August, up 2.1 percent from the same month in 2015 and up 15.8 percent from July. For the year to date, shipments of 25.7 million tons were down 6.9 percent compared with 2015. Service center steel inventories totaled 7.9 million tons at the end of the month, a decrease of 14.5 percent from July 2015, and flat with the prior month. At August shipping rates, that represented 2.3 months of supply, down from 2.8 months the previous year.

U.S. service centers shipped 137,900 tons of aluminum in August, up 4.7 percent from August 2015 and 17 percent from July. Year-to-date aluminum shipments of 1.0 million tons were down 4.7 percent from last year. U.S. service center inventories of aluminum products totaled 385,300 tons at the end of August, down 2.9 percent from 2015 and 2.6 percent from the prior month. At August shipping rates, that represented 2.8 months of supply, down from 3.0 months the prior year.

Canadian service centers shipped 364,800 tons of steel in August, a 6.1 percent decrease from the same month in 2015 and down 14.5 percent from the previous month. Year-to-date shipments of 3.0 million tons were down 8.1 percent from 2015. Canadian steel product inventories totaled 1.1 million tons at the end of the month, down 18.0 percent from the same month in 2015, but up 4.3 percent from July. At August shipping rates, that represented 3.1 months of supply, down from 3.6 months the previous year.

Canadian service centers shipped 11,000 tons of aluminum during August, a decrease of 9.2 percent from the previous year, but an increase of 25.0 percent from July. Shipments through the first eight months of 2016 totaled 83,200 tons, a decrease of 12.4 percent from 2015. Canadian inventories of aluminum products totaled 31,200 tons at the end of the month, down 18.7 percent from August 2015 and flat with the prior month. At August shipping rates, that represented 2.9 months of supply, down from 3.2 months in August 2015.


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Friday, December 15, 2017