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September 20, 2011

Growth in Metal Shipments Stable in August

September 20, 2011

Growth in Metal Shipments Stable in August

ROLLING MEADOWS, Illinois, September 20, 2011 August service center shipments increased from the same period in 2010 at about the same rate as July for both steel and aluminum in Canada and at a higher rate in the U.S. Inventory levels increased for both metals in the U.S. and Canada.

U.S. Service Center Activity

U.S. Service Centers shipped 3,690.5 thousand tons of steel products in the month of August 2011. This represents an increase of 15.4% from August 2010. For 2011 year-to-date, steel shipments were 27,672.7 thousand tons, an increase of 17.0% from the same period in 2010. Steel product inventories were 8,459.1 thousand tons at the end of August 2011, an increase of 13.7% over August a year ago and an increase of 0.5% from last month. At the current shipping rate this represents 2.3 months of supply.

135.9 thousand tons of aluminum products were shipped by U.S. Service Centers in August, an increase of 7.3% from the same month in 2010. For 2011 year-to-date, aluminum shipments were 1,017.0 thousand tons, an increase of 18.2% from the same period in 2010. Inventories of Aluminum products were 360.8 thousand tons at the end of August 2011, an increase of 11.9% over August a year ago and an increase of 1.9% from last month. At the current shipping rate, this represents 2.7 months of supply/

Canadian Service Center Activity

Canadian Service Centers shipped 541.0 thousand tons of steel products in the month of August 2011. This represents an increase of 10.5% from August 2010. The 2011 year-to-date steel shipments were 4,248.7 thousand tons, an increase of 12.2% from the same period in 2010. Steel product inventories were 1,626.5 thousand tons at the end of August 2011, an increase of 27.2% from August a year ago and an increase of 0.4% from last month. At the current shipping rate, this represents 3.0 months of supply.

12.7 thousand tons of aluminum products were shipped by Canadian Service Centers in August, an increase of 12.2% from the same month in 2010. For 2011 year-to-date, aluminum shipments were 97.9 thousand tons, an increase of 9.1% from the same period in 2010. Inventories of Aluminum products were 34.3 thousand tons at the end of August 2011 an increase of 8.2% from August a year ago and an increase of 3.8% from last month. At the current shipping rate, this represents 2.7 months of supply.

Founded in 1909, the Metals Service Center Institute has more than 370 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 or 708-280-2904

cmarti@msci.org