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October 18, 2011

Year Over Year Growth In Service Center Shipments Continues

October 18, 2011

Year Over Year Growth In Service Center Shipments Continues

ROLLING MEADOWS, Illinois, October 18, 2011 September 2011 service center shipments remained above 2010 levels for steel and aluminum products in both the US and Canada. Inventory positions remained near August levels for both metals in both countries.

U.S. Service Center Activity

U.S. Service Centers shipped 3,401.8 thousand tons of steel products in the month of September, 2011. This represents an increase of 7.4% from September 2010. Year-to-date, steel shipments were 31,074.5 thousand tons, an increase of 15.9% from the same period in 2010.

Steel product inventories were 8,502.1 thousand tons at the end of September 2011, an increase of 12.9% over September a year ago and an increase of 0.5% from last month. At the current shipping rate, this represents 2.5 months supply in inventory, an increase of 5.1% from a year ago.

126.2 thousand tons of aluminum products were shipped by U.S. Service Centers in September, an increase of 6.6% from the same month in 2010. For 2011 year-to-date aluminum shipments were 1,143.2 thousand tons, an increase of 16.8% from the same period in 2010

Inventories of Aluminum products were 353.5 thousand tons at the end of September 2011, an increase of 7.9% over September a year ago and a decrease of 2.0% from last month. At the current shipping rate, this represents 2.8 months supply in inventory, an increase of 1.1% from a year ago.

Canadian Service Center Activity

Canadian Service Centers shipped 556.9 thousand tons of steel products in the month of September 2011. This represents an increase of 10.1% from September 2010. For 2011 year-to-date steel shipments were 4,805.5 thousand tons, an increase of 12.0% from the same period in 2010. Steel product inventories were 1,563.6 thousand tons at the end of September 2011, an increase of 18.9% from September a year ago and a decrease of 3.9% from last month. At the current shipping rate, this represents 2.8 months supply in inventory, an increase of 7.9% from a year ago.

13.3 thousand tons of aluminum products were shipped by Canadian Service Centers in September, an increase of 8.8% from the same month in 2010. For 2011 year-to-date, aluminum shipments were 111.2 thousand tons, an increase of 9.1% from the same period in 2010

Inventories of Aluminum products were 34.9 thousand tons at the end of September 2011, an increase of 11.2% from September a year ago and an increase of 1.9% from last month. At the current shipping rate, this represents 2.6 months supply in inventory, an increase of 2.2% from a year ago.

Founded in 1909, the Metals Service Center Institute has more than 370 members operating from about 1,200 locations in the U.S., Canada, Mexico, and elsewhere in the world. Together, MSCI members constitute the largest single group of metals purchasers in North America, amounting each year to more than 55 million tons of steel, aluminum, and other metals, with about 300,000 manufacturers and fabricators as customers. MSCI’s membership also includes almost all ferrous and non-ferrous industrial metals producers in North America. Metals service centers inventory and distribute metals and provide first-stage fabrication services.

Contacts:

Chris Marti, vice president, research (847) 485-3009

cmarti@msci.org