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December 16, 2014

November Growth Continues the October Slowdown

ROLLING MEADOWS, Ill., Dec. 16, 2014

November Growth Continues the October Slowdown

Except for the continuing small decline in Canadian steel shipments, the growth in metals shipments was positive in November but at a slower pace than in October. 

U.S. Service Center Activity

In November 2014, U.S. service center steel shipments increased by 1.5% from November 2013. Steel product inventories increased 15.2% from November a year ago. At the current shipping rate, this represents an increase of 13.5% from a year ago. 

U.S. service center shipments of aluminum products in November increased by 1.1% from the same month in 2013.  Inventories of aluminum products increased 8.0% from November a year ago. At the current shipping rate, this represents an increase of 6.8% from a year ago. 

Canadian Service Center Activity

In November 2014, Canadian service center shipments of steel products decreased by 4.9% from November 2013. Steel product inventories increased 26.6% from November a year ago. At the current shipping rate, this represents an increase of 33.1% from a year ago. 

Canadian service center aluminum shipments in November increased 4.2% from the same month in 2013. Inventories of aluminum products increased 14.9% from November a year ago.  At the current shipping rate, this represents an increase of 10.3% from a year ago. 

 

Contact:

Chris Marti, vice president, research (847) 485-3009 or cmarti@msci.org