MSCI: Shipments Slow in June

Service center shipments in the United States and Canada for both steel and aluminum increased in June from 2010 levels, but the rate of growth slowed significantly, according to the latest data from the Metals Service Center Institute, Rolling Meadows, Ill. Inventory levels decreased in the U.S. but increased slightly in Canada.

U.S. service centers shipped 3.6 million tons of steel products in the month of June. This represents an increase of 11.2 percent from June 2010. For 2011 year to date, steel shipments totaled 20.9 million tons, an increase of 18.6 percent from the same period in 2010.

Steel product inventories were 7.9 million tons at the end of June, an increase of 7.6 percent over June a year ago and a decrease of 4.3 percent from the previous month. This represented a 2.2-month supply, a decrease of 3.3 percent from a year ago and a decrease of 6.4 percent from May.

Canadian service centers shipped 535,600 tons of steel products in June. This represented an increase of 4.4 percent from June 2010. For 2011 year to date, service center steel shipments totaled 3.2 million tons, an increase of 12.6 percent from the same period in 2010.

Canadian steel inventories were 1.6 million tons at the end of June, an increase of 16.6 percent from June a year ago and an increase of 1.6 percent from May. This represented a 2.9-month supply, an increase of 11.7 percent from a year ago and an increase of 0.2 percent from May.

U.S. service centers shipped 134,300 tons of aluminum products in June, an increase of 8.8 percent from the same month in 2010. For the year to date, aluminum shipments were 763,600 tons, an increase of 24.0 percent from the same period in 2010.

Inventories of aluminum products were 351,200 tons at the end of June, an increase of 12.9 percent over June a year ago and a decrease of 3.2 percent from May. This represented a 2.6-month supply, an increase of 3.8 percent from a year ago but a decrease of 8.2 percent from the previous month.

Canadian service centers shipped 13,400 tons of aluminum products in June, an increase of 6.5 percent from the same month in 2010. For 2011 year to date, aluminum shipments were 74,500 tons, an increase of 8.6 percent from the same period in 2010. Inventories of aluminum products were 32,100 tons at the end of June, an increase of 4.7 percent from June a year ago and an increase of 4.9 percent from May. This represented a 2.4-month supply, a decrease of 1.6 percent from a year ago and a decrease of 2.5 percent from the previous month.
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Monday, July 25, 2016