Dec 21, 2016

MSCI: Shipments Increase in November

Service center shipments of steel and aluminum products in both the U.S. and Canada increased in November compared with the same month in 2015, reports the Metals Service Center Institute, Rolling Meadows, Ill. Full-year shipments of both products continue to lag the prior year.

U.S. service centers shipped 3.0 million tons of steel products in November, up 3.3 percent from the same month in 2015, but down 3.8 percent from the previous month. For the year to date, shipments declined 6.2 percent to 34.8 million tons.

Service center steel inventories totaled 7.0 million tons at the end of the month, down 17.7 percent from November 2015 and 3.4 percent from October. At November shipping rates, that represented 2.4 months of supply, down from 3.0 months the previous year.

U.S. service centers shipped 117,900 tons of aluminum products in November, an increase of 5.3 percent from the same month in 2015, but down 4.5 percent from October. Year-to-date aluminum shipments declined 4.1 percent to 1.4 million tons.

U.S. service center inventories of aluminum products totaled 379,400 tons at the end of November, down 3.0 percent from a year ago, and down 1.7 percent from the prior month. At November shipping rates, that represented 3.2 months of supply, down from 3.5 months in 2015.

Canadian service centers shipped 398,000 tons of steel products in November, an increase of 11.3 percent from November 2015 and up 11.6 percent from the previous month. For the full year, shipments declined 6.4 percent to 4.1 million tons.

Canadian steel product inventories totaled 1.1 million tons at the end of the month, down 5.7 percent from the same month last year, but a 1.0 percent decline from October. At November shipping rates, that represented 2.7 months of supply, down from 3.2 months a year earlier.

Canadian service centers shipped 11,000 tons of aluminum products during November, an 8.8 percent increase from November 2015 and 11.1 percent more than the prior month. Year-to-date shipments declined 11.1 percent to 114,900 tons.

Canadian inventories of aluminum products totaled 30,900 tons in November, down 3.7 percent from a year ago, and down 1.2 percent from the prior month. At November shipping rates, that represented 2.8 months of supply, down from 3.2 months the prior year.

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Friday, October 20, 2017