Steel Mills
September 17, 2013
SMU Apparent Flat Rolled Deficit Now at 463,000 Tons
Written by John Packard
According to just released MSCI data, total steel shipments out of the U.S. service centers were reported to be 3,632,900 tons during the month of August 2013. The daily shipping rate rose from 157,500 tons per day in July to 165,100 tons per day in August. Compared to August 2012 shipments (all products) were lower by 0.60 percent. There were 22 shipping days in August which is the same as July.
Inventories increased to 7,941,200 tons but are 11.3 percent lower than the 8,953,900 tons held at service centers in the U.S. at the end of August 2012. The months of inventory on hand are now 2.2 months on an unadjusted basis (down from 2.3 months in July) and 2.3 months on a seasonally adjusted basis (the same as July).
