Steep Declines in Metal Shipments
ROLLING MEADOWS, Ill
MSCI Metals Activity for the month of August 2024 indicates steel and aluminum shipments decreased dramatically compared to the same month in 2023 across the US and Canada. Total steel and aluminum shipments declined at or near double digits, a reversal from last month’s mostly positive year-over-year shipment gains.
U.S. Service Center Activity
U.S. service center steel shipments in August 2024 decreased 9.6% from August 2023. Shipments of aluminum products decreased by 14.1% from the same month in 2023.
Canadian Service Center Activity
Canadian service center steel shipments in August 2024 decreased by 11.2% from August 2023. Shipments of aluminum products decreased by 17.6% from the same month in 2023.
Contact:
Justin A. Scott, PhD, Vice President, Innovation & Analytics (847) 485-3009 jscott@msci.org