Service Center Shipments Rise in August in U.S., Canada

August service center shipments of both steel and aluminum rose in both the United States and Canada compared to the same month in 2010, according to the latest data from the Metals Service Center Institute, Rolling Meadows, Ill.

U.S. service centers shipped 3.7 million tons of steel products in August, an increase of 15.4 percent from August 2010. For 2011 year to date, steel shipments were 27.7 million tons, an increase of 17.0 percent from the same period in 2010. Steel product inventories were 8.5 million tons at the end of August, an increase of 13.7 percent over August a year ago and an increase of 0.5 percent from the previous month. At the current shipping rate, this represents 2.3 months of supply.

U.S. service centers shipped 135,900 tons of aluminum products in August, an increase of 7.3 percent from the same month in 2010. For the year to date, aluminum shipments were 1.0 million tons, an increase of 18.2 percent from the same period in 2010. Inventories of aluminum products were 360,800 tons at the end of August, an increase of 11.9 percent over August a year ago and an increase of 1.9 percent from the previous month. At the current shipping rate, this represents 2.7 months of supply.

Canadian service centers shipped 541,000 tons of steel products in August, representing an increase of 10.5 percent from August 2010. The 2011 year-to-date steel shipments were 4.2 million tons, an increase of 12.2 percent from the same period in 2010. Steel product inventories were 1.6 million tons at the end of August, an increase of 27.2 percent from August a year ago and an increase of 0.4 percent from the previous month. At the current shipping rate, this represents 3.0 months of supply.

Canadian distributors shipped 12,700 tons of aluminum products in August, an increase of 12.2 percent from the same month in 2010. For the year to date, aluminum shipments were 97,900 tons, an increase of 9.1 percent from the same period in 2010. Inventories of aluminum products were 34,300 tons at the end of August, an increase of 8.2 percent from August a year ago and an increase of 3.8 percent from the previous month. At the current shipping rate, this represents 2.7 months of supply.

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Friday, December 9, 2016