Economy
October 16, 2013
Service Center Apparent Flat Rolled Deficit Reduced by 81,000 Tons
Written by John Packard
September rose slightly from end of August numbers. The 8,031,400 tons reported by the Metal Service Center Institute (MSCI) is still 8.4 percent below the levels held by the distributors at the end of September 2012. The number of months of inventory on hand was reported to be 2.4 months on an unadjusted basis and 2.3 months on a seasonally adjusted basis.
The daily shipment rate improved to 169,000 tons from 165,100 tons and is at the highest level of the year and is the best level seen since May 2012.
