Jan. 4, 2017
Red Metal Shipments Decline in November
Service center shipments of copper and brass products declined in November compared to the prior month, but were up compared with the same month in 2015, reports the Copper and Brass Servicenter Association, Overland Park, Kan. Total warehouse shipments declined 1.8 percent compared with October, but increased 4.5 percent compared with November 2015.
Service centers shipped 8.5 million pounds of copper products in November, a decline of 4.7 percent compared with the previous year. Alloy shipments of 8.4 million pounds increased by 15.4 percent. Compared with the previous month, copper shipments were down 2.9 percent and alloy shipments were down 0.7 percent.
For the year to date, copper shipments declined 3.8 percent to 108.7 million pounds, while alloy shipments declined 3.9 percent to 103.3 million pounds. Total warehouse shipments of 212.1 million pounds were down 3.8 percent.
Among major products for the year to date, copper strip and sheet shipments increased 4.4 percent to 50.3 million pounds, while 200 series strip and sheet increased 4.0 percent to 41.9 million pounds. Copper rod and bar shipments declined 10.3 percent to 50.4 million pounds, while 300 series rod and bar shipments declined 9.6 percent to 41.7 million pounds.