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November 16, 2011

October Shipments Resume Double Digit Growth in the U.S.

ROLLING MEADOWS, Illinois, November 16, 2011 – October service center shipments returned to double digit rates of increase in the U.S. Canadian shipments grew at a slightly slower rate than last month.

U.S. Service Center Activity

U.S. service centers shipped 3,378.1 thousand tons of steel products in the month of October 2011. This represents an increase of 11.5% from October 2010. For 2011 year-to-date, steel shipments were 34,452.7 thousand tons, an increase of 15.4% from the same period in 2010.

Steel product inventories were 8,377.7 thousand tons at the end of October 2011, an increase of 12.9% over October a year ago and a decrease of 1.5% from last month. At the current shipping rate, this represents 2.5 months supply in inventory, an increase of 1.3% from a year ago.

128.0 thousand tons of aluminum products were shipped by U.S. Service Centers in October, an increase of 10.3% from the same month in 2010. For 2011 year-to-date, aluminum shipments were 1,271.2 thousand tons, an increase of 16.1% from the same period in 2010.

Inventories of Aluminum products were 358.2 thousand tons at the end of October 2011, an increase of 6.3% over October a year ago and an increase of 1.3% from last month. At the current shipping rate, this represents 2.8 months supply in inventory, a decrease of 3.6% from a year ago.

Canadian Service Center Activity

Canadian Service Centers shipped 529.4 thousand tons of steel products in the month of October 2011. This represents an increase of 9.9% from October 2010. For 2011 year-to-date, steel shipments were 5,334.9 thousand tons, an increase of 11.7% from the same period in 2010.

Steel product inventories were 1,485.9 thousand tons at the end of October 2011, an increase of 11.4% from October a year ago and a decrease of 5.0% from last month.

At the current shipping rate, this represents 2.8 months supply in inventory, an increase of 1.4% from a year ago.

12.3 thousand tons of aluminum products were shipped by Canadian Service Centers in October, an increase of 5.7% from the same month in 2010. For 2011 year-to-date, aluminum shipments were 123.6 thousand tons, an increase of 8.7% from the same period in 2010.

Inventories of Aluminum products were 36.4 thousand tons at the end of October 2011, an increase of 13.9% from October a year ago and an increase of 4.2% from last month. At the current shipping rate, this represents 2.9 months supply in inventory, an increase of 7.8% from a year ago.

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

cmarti@msci.org