Final figures for 2010 show that shipments of steel and aluminum from service centers in the United States and Canada rebounded significantly during the year from depressed volumes in 2009, according to the December Metals Activity Report from the Metals Service Center Institute in Rolling Meadows, Ill.
U.S. service center steel shipments for 2010 rose 20.6 percent above those of 2009 to nearly 35.7 million tons, while in Canada, steel shipments rose 15.3 percent to about 5.67 million tons.
U.S. aluminum shipments finished 2010 some 25.8 percent higher at 1.3 million tons and rose 7.7 percent in Canada, to 135,200 tons.
Inventories of steel and aluminum held at service centers in the United States and Canada rose seasonally at the end of December.
Year-over-year shipments of steel products from U.S. metal centers rose 25.6 percent in December to about 2.82 million tons. Inventories at the end of December of 7.71 million tons were 25.6 percent above those of a year ago and represented a 2.7-month supply.
Canadian service centers shipped 380,800 tons of steel products during December, or 18.1 percent more than during the same month in 2009. Canadian steel inventories at the end of December of nearly 1.4 million tons were 34 percent above year-earlier levels and equal to a 3.7-month supply.
U.S. metal centers shipped 100,300 tons of aluminum products during December, or 26.7 percent more than during December 2009. Aluminum inventories at the end of the year totaled 347,900 tons, 33.5 percent above the stockpiles of a year ago and equal to a 3.5-month supply.
In Canada, service centers shipped 9,000 tons of aluminum during December, up 16.7 percent from the same month last year. Aluminum inventories at year end of 31,300 tons were 7.2 percent above stocks at the end of 2009 and equal to a 3.5-month supply.