October Declines in Metal Shipments Less than September
ROLLING MEADOWS, Ill., Nov. 15, 2016
October Declines in Metal Shipments Less than September
Metals shipments continued to decline on a year-over-year basis in October. The ongoing year-over-year decline in inventory levels has also continued.
U.S. Service Center Activity
In October 2016, U.S. service center steel shipments decreased by 8.6% from October 2015. Steel product inventories decreased 18.4% from October a year ago.
U.S. service center shipments of aluminum products in October decreased by 8.5% from the same month in 2015. Inventories of aluminum products decreased 3.8% from October a year ago.
Canadian Service Center Activity
In October 2016, Canadian service center shipments of steel products decreased by 6.1% from October 2015. Steel product inventories decreased 11.2% from October a year ago.
Canadian service center aluminum shipments in October decreased 12.7% from the same month in 2015. Inventories of aluminum products decreased 7.6% from October a year ago.
Contact:
Chris Marti, vice president, research (847) 485-3009 or cmarti@msci.org