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February 17, 2016

Shipments Decline Continues in January

ROLLING MEADOWS, Ill., Feb. 17, 2016

 

Shipments Decline Continues in January

Shipments declined from 2015 levels in January for both steel and aluminum in the United States and Canada at roughly the same rates as last month. Inventory positions improved slightly for both metals in the United States and Canada.

U.S. Service Center Activity

In January 2016, U.S. service center steel shipments decreased by 13.3% from January 2015. Steel product inventories decreased 20.1% from January a year ago.

In January U.S. service center shipments of aluminum products decreased by 5.6% from the same month in 2015. Inventories of aluminum products decreased 6.3% from January a year ago.

Canadian Service Center Activity

In January 2016, Canadian service center shipments of steel products decreased by 4.0% from January 2015. Steel product inventories decreased 19.2% from January a year.

Canadian service center aluminum shipments, excluding extruded shapes, decreased 15.1% in January from the same month in 2015. Inventories of aluminum products decreased 22.0% from January a year ago.

Contact:

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