March 29, 2017

Service Center Shipments Decline in February

Service center shipments of steel and aluminum in both the United States and Canada fell back in February from January, but remain ahead of the 2016 pace in the U.S., reports the Metals Service Center Institute, Rolling Meadows, Ill.

U.S. service centers shipped 3.1 million tons of steel products in February, down 1.7 percent from January 2016 and 6.4 percent from the previous month. Year-to-date shipments of 6.5 million tons were up 3.8 percent from the prior year.

Service center steel inventories totaled 7.3 million tons at the end of the month, a decrease of 6.4 percent from last year, but an increase of about 1 percent from January. At February’s shipping rates, that represented 2.3 months of supply, down from 2.5 months in 2016.

U.S. service centers shipped 127,500 tons of aluminum products in February, a decrease of 0.4 percent from the same month in 2016, and a decrease of 4.3 percent from the previous month. Full-year shipments of 260,600 tons were up 3.8 percent from 2016.

U.S. service center inventories of aluminum products totaled 387,400 tons at the end of the month, an increase of 2.4 percent from a year ago, and up 0.1 percent from January. At February’s shipping rates, that represented 3.0 months of supply, the same as in 2016.

Canadian service centers shipped 365,700 tons of steel products in February, down 7.8 percent from the same month last year and 11.2 percent from the previous month. Year-to-date shipments of 777,500 tons were off 1.1 percent from 2016.

Service center steel inventories totaled 1.2 million tons at the end of the month, a decrease of 3.3 percent from February a year ago, but up 1 percent from the prior month. At February’s shipping rates, that represented 3.2 months of supply, up from 3.1 months in 2016.

Canadian service centers shipped 9,300 tons of aluminum products during the month, down 10.3 percent from the same month in 2016, and 14.7 percent from January. Aluminum shipments for the year to date totaled 20,100 tons, a decrease of 0.3 percent from the prior year.

Canadian inventories of aluminum products totaled 31,600 tons at the end of the month, a decrease of 1.7 percent from a year ago, but up 2.9 percent from January. At February shipping rates, that represented 3.4 months of supply, up from 3.1 months in February 2016.


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Monday, October 23, 2017