Nov. 23, 2016

Steel, Aluminum Shipments Continue to Lag 2015

Service center shipments of steel and aluminum continued their year-long downtrend in October, reports the Metals Service Center Institute, Rolling Meadows, Ill., in its latest Metals Activity Report. Inventories of most products also declined during the month.

U.S. service centers shipped 3.1 million tons of steel products in October, down 8.6 percent from the same month last year, but up 1.0 percent from September. For the year to date, shipments of 31.8 million tons were down 7.0 percent compared with 2015.

Service center steel inventories totaled 7.3 million tons at the end of the month, a decrease of 18.2 percent from October 2015 and down 4.4 percent from the prior month. At October shipping rates, that represented 2.4 months of supply, down from 2.7 months the previous year.

U.S. service centers shipped 123,500 tons of aluminum in October, down 8.5 percent from October 2015, but up 2.5 percent from the previous month. Year-to-date aluminum shipments of 1.3 million tons were down 4.9 percent from last year.

U.S. service center inventories of aluminum products totaled 386,000 tons at the end of October, down 3.8 percent from October 2015, but up 1.8 percent from September. At October shipping rates, that represented 3.1 months of supply, up from 3.0 months the previous year.

Canadian service centers shipped 356,600 tons of steel in October, a 6.1 percent decrease from the same month in 2015 and down 3.8 percent from the previous month. Year-to-date shipments of 3.7 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 11.2 percent from the same month in 2015 and down 3.2 percent from September. At October shipping rates, that represented 3.0 months of supply, down from 3.2 months the previous year.

Canadian service centers shipped 9,900 tons of aluminum during the month, a decrease of 12.7 percent from the previous year and down 9.2 percent from September. Shipments through the first 10 months of 2016 totaled 103,900 tons, a decrease of 12.8 percent from 2015.

Canadian inventories of aluminum products totaled 31,300 tons at the end of the month, down 7.6 percent from October 2015, but up 3.3 percent from the prior month. At October shipping rates, that represented 3.2 months of supply, down from 3.0 months the previous year.


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Thursday, October 19, 2017