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May 18, 2010

April Service Center Metal Shipments Maintain Momentum

May 18, 2010

April Service Center Metal Shipments Maintain Momentum

ROLLING MEADOWS, Illinois, May 18, 2010 – Shipments of steel and aluminum from metals service centers in the United States and Canada in April maintained the upward momentum that has been building this year, the Metals Activity Report from the Metals Service Center Institute shows.

In the United States, steel shipment growth remained at nearly the same high level established in March, and aluminum shipments grew at a double-digit rate, although somewhat less than in March. The rate of growth in Canadian shipments dipped from March, but year-to-date shipments still increased from 2009.

Steel Product Activity

U.S. metals service centers shipped 3.0 million tons of steel in April, or 22.3% more than during April 2009. That brought year-to-date shipments to about 11.5 million tons, or 13.9% more than during the same period last year. U.S. service center steel inventories at the end of April totaled 6.7 million tons, about 5.6% lower than a year ago and, at current shipping rates, equal to a 2.2-month supply.

April steel shipments from Canadian service centers of 492,600 tons were 9.2% higher than in April 2009 and brought year-to-date shipments to about 1.9 million tons, a 12.5% rise from last year’s period. Canadian steel inventories of 1.4 million tons were 17.1% larger than at the same time last year and equal to a 2.8-month supply at current shipping rates.

Aluminum Product Activity

Shipments of aluminum products from U.S. metals service centers totaled 103,800 tons in April, or 13.6% greater volume than in the 2009 month. For the first four months of the year, shipments totaled 395,300 tons, a 12% gain from a year ago. U.S. service center aluminum inventories totaled 280,500 tons at the end of April, or 6.0% below stockpiles at the end of April 2009. That equals a 2.7-month supply at current shipping rates.

In Canada, April aluminum shipments of 11,300 tons were 3.0% above those of the same month last year and brought the year-to-date total to 44,800 tons, a 2.1% rise above the year-ago period. Service center aluminum inventories of 32,100 tons were 3.2% higher than those at the same time in 2009 and, at current shipping rates, represent a 2.8-month supply.

The Metals Activity Report (MAR), based on data from metals service centers in the United States and Canada, is produced by the Metals Service Center Institute and a third-party econometrics and strategy firm, McCoy, Scott & Co.

Founded in 1909, the Metals Service Center Institute has more than 375 members operating from about 1,200 locations in the U.S., Canada, Mexico, and elsewhere in the world. Together, MSCI members constitute the largest single group of metals purchasers in North America, amounting each year to more than 55 million tons of steel, aluminum, and other metals, with about 300,000 manufacturers and fabricators as customers. MSCI’s membership also includes almost all ferrous and non-ferrous industrial metals producers in North America. Metals service centers inventory and distribute metals and provide first-stage fabrication services.

Contacts:

Chris Marti, vice president, research (847) 485-3009

cmarti@msci.org

Steve Weiner (503) 646-9108

sweiner@msci.org