Canadian Service Center Data for November

Canadian shipments for all steel products in the month of November were 473,000 net tons, a decrease of 11.1 percent from the month before and a decrease of 4.5 percent from November 2012. Inventories at the end of the month stood at 1,256,700 tons, an increase of 0.9 percent from last month but a decrease of 24.8 percent from the same month one year ago. The daily average receipt rate for November was 24,251 tons (20 day month), up from 21,834 tons the month before (22 day month). November receipts were 4,100 tons higher than October totals. According to the MSCI, total months on hand stood at 2.7 months unadjusted or 2.6 months on a seasonally-adjusted basis.

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