Substantial Shipment Growth in October
ROLLING MEADOWS, Ill., Nov. 15, 2017
Substantial Shipment Growth in October
October shipments increased over 2016 levels for steel and aluminum in both the U.S. and Canada. Inventory positions improved across the board as well.
U.S. Service Center Activity
U.S. service center steel shipments in October 2017 increased 10.7% from October, 2016. Steel product inventories increased 5.6% from October a year ago.
U.S. service center shipments of aluminum products in October increased by 16.8% from the same month in 2016. Inventories of aluminum products increased 5.4% from October a year ago.
Canadian Service Center Activity
Canadian service center shipments of steel products in October 2017 increased by 9.8% from October 2016. Steel product inventories increased 8.3% from October a year ago.
Canadian service center aluminum shipments in October increased 7.0% from the same month in 2016. Inventories of aluminum products decreased 2.0% from October a year ago.
Contact:
Chris Marti, vice president, data analytics, demand forecasting & executive education, (847) 485-3009 or cmarti@msci.org