Steel Mills
December 17, 2013
U.S. Distributors Shipping Rates Drop
Written by John Packard
According to data just released by the Metal Service Center Institute (MSCI) total steel inventories dropped slightly during the month of November while steel shipments were off 11,500 tons per day compared to the daily rate reported for the month of October. When compared to last November shipments improved by 6,200 tons per day and inventories are 190,700 tons lower this year vs. last year.
There were 20 shipping days during November 2013 and 21 days during November 2012.
