April 26, 2017

Service Center Shipments Rebound in March

U.S. service center shipments of steel and aluminum rebounded in March after a decline in February, reports the Metals Service Center Institute, Rolling Meadows, Ill. Year-to-date shipments of all products except Canadian aluminum remain ahead of 2016, according MSCI’s latest Metals Activity Report.

U.S. service centers shipped 3.7 million tons of steel products in March, an increase of 9.7 percent from the same month last year and up 17.0 percent from the prior month. Year-to-date shipments of 10.1 million tons were up 5.8 percent from 2016.

Service center steel inventories totaled 7.2 million tons at the end of the month, a decrease of 6.1 percent from last year and down 1.7 percent from February. At March shipping rates, that represented 2.0 months of supply, down from 2.3 months in 2016.

U.S. service centers shipped 155,100 tons of aluminum products in March, an increase of 13.0 percent from the same month in 2016, and up 21.6 percent from February. Full-year shipments increased 7.1 percent to 415.7 million tons.

U.S. service center inventories of aluminum products totaled 387,200 tons at the end of the month, an increase of 1.0 percent from March 2016, but down 0.1 percent from the prior month. At March shipping rates, that represented 2.5 months of supply, down from 2.8 months in 2016.

Canadian service centers shipped 421,300 tons of steel products in March, an increase of 7.4 percent from the same month in 2016, and up 15.0 percent from February. Year-to-date, shipments increased 1.7 percent to 1.2 million tons.

Service center steel inventories totaled 1.2 million tons at the end of the month, a decrease of 2.0 percent from the same month last year and down 0.5 percent from February. At March shipping rates, that represented 2.8 months of supply, down from 3.0 months last year.

Canadian service centers shipped 11,200 tons of aluminum products in March, a decrease of 2.7 percent from the same month in 2016, but up 20.4 percent from February. Aluminum shipments for the year to date totaled 31,400 tons, a decrease of 1.2 percent from the prior year.

Canadian inventories of aluminum products totaled 31,000 tons at the end of the month, a decrease of 2.0 percent from a year ago, and down 1.9 percent from February. At March shipping rates, that represented 2.8 months of supply, up from 2.7 months in February 2016.


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Sunday, December 17, 2017