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March 16, 2016

Shipments Decline Slows in February, Small Increase in Steel in Canada

ROLLING MEADOWS, Ill., March 16, 2016

 

Shipments Decline Slows in February, Small Increase in Steel in Canada

The decline of shipments from 2015 levels slowed somewhat in February for both steel and aluminum in the United States and actual increased slightly for steel in Canada. Inventory positions improved slightly for both metals in the U.S. and Canada.

 

U.S. Service Center Activity

In February, U.S. service center steel shipments decreased by 4.6% from February 2015. Steel product inventories decreased 20.6% from February a year ago.

U.S. service center shipments of aluminum products in February decreased by 0.4% from the same month in 2015. Inventories of aluminum products decreased 7.7% from February a year ago.

Canadian Service Center Activity

In February, Canadian service center shipments of steel products increased by 2.0% from February 2015. Steel product inventories decreased 21.6% from February a year ago.

Canadian service center aluminum shipments in February decreased 4.7% from the same month in 2015. Inventories of aluminum products decreased 17.9% from February a year ago.

Contact:

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