Feb. 1, 2017

Service Center Shipments Down Across the Board

Service center shipments in the U.S. and Canada finished 2016 with year-over-year declines in both steel and aluminum, reports the Metals Service Center Institute, Rolling Meadows, Ill. Inventories mostly remained below prior-year levels, though stocks crept up at year’s end.

U.S. service centers shipped 2.6 million tons of steel products in December, down 6.9 percent from the same month in 2015 and 12.6 percent from the previous month. For the full year, steel shipments declined 6.3 percent to 37.4 million tons.

Service center steel inventories totaled 7.2 million tons at the end of the month, down 13.0 percent from 2015, but up 2.7 percent from November. At December shipping rates, that represented 2.8 months of supply, down from 3.0 months the previous year.

U.S. service centers shipped 106,200 tons of aluminum products in December, a decrease of 5.3 percent from December 2015 and down 5.3 percent from the previous month. Full-year aluminum shipments declined 4.2 percent to 1.5 million tons.

U.S. service center inventories of aluminum products totaled 384,100 tons at the end of the month, down 2.3 percent from a year ago, but up 1.3 percent from November. At December shipping rates, that represented 3.6 months of supply, up from 3.5 months in 2015.

Canadian service centers shipped 289,900 tons of steel products in December, an increase of 6.2 percent from the same month in 2015, but down 27.2 percent from November. For the full year, shipments declined 5.7 percent to 4.4 million tons.

Canadian steel product inventories totaled 1.2 million tons at the end of the month, up 0.4 percent from the same month last year and 7.6 percent from November. At December shipping rates, that represented 4.0 months of supply, down from 4.3 months a year earlier.

Canadian service centers shipped 7,500 tons of aluminum products during the month, a 1.0 percent decrease from December 2015 and 31.8 percent from the prior month. Year-to-date shipments declined 10.5 percent to 122,400 tons.

Canadian inventories of aluminum products totaled 30,500 tons in December, down 0.8 percent from a year ago, and 1.3 percent from the prior month. At December shipping rates, that represented 4.1 months of supply, flat with the prior year.


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Tuesday, October 17, 2017