Rate of Shipments Decline Increases Again in July
ROLLING MEADOWS, Ill., Aug. 15, 2016
Rate of Shipments Decline Increases Again in July
The rate of decline of shipments from 2015 levels accelerated again in both the United States and Canada in July. Inventory levels decreased in response to lagging shipments.
U.S. Service Center Activity
In July 2016, U.S. service center steel shipments decreased by 15.2% from July 2015. Steel product inventories decreased 14.5% from July a year ago. In July, U.S. service center shipments of aluminum products decreased by 14.8% from the same month in 2015. Inventories of aluminum products decreased 1.3% from July a year ago.
Canadian Service Center Activity
In July 2016, Canadian service center shipments of steel products decreased by 14.9% from July 2015. Steel product inventories decreased 25.6% from July a year ago. Canadian service center aluminum shipments in July decreased 25.1% from the same month in 2015. Inventories of aluminum products decreased 16.3% from July a year ago.
Contact:
Chris Marti
Vice President, Research
(847) 485-3009
cmarti@msci.org