Copper and Brass Shipments Fall in April
Red metal shipments declined sharply in April, though the year-to-date numbers remain well ahead of 2010, according to the latest data from the Copper and Brass Servicenter Association, Overland Park, Kan. Shipments of both copper and alloy products suffered double-digit percentage drops in April, compared to both March and April 2011.
Total copper shipments of 7.8 million pounds in April were off 12.7 percent compared to the previous month and down 14.5 percent compared to the same month of 2010. Total alloy shipments of 12.1 million pounds were down 11.4 percent compared to March and off 10.1 percent from March 2010.
Still, for the year to date, total copper shipments of 49.2 million pounds were up 37.1 percent compared to 2010. Alloy shipments of 65.6 million pounds were up 27.6 percent compared to the first four months of last year.
Service center executives surveyed by CBSA suggested weather issues in many states had an impact on shipments in April. Additionally, the automotive industry has slowed down and respondents expect production to remain at lower levels through the summer. In contrast, demand in the semiconductor market was reportedly strong, though the spike is expected to be short-lived.