Steel Mills
October 16, 2014
Canadian Service Centers Holding 3.3 Months of Flat Rolled
Written by Brett Linton
Canadian shipments for all steel products in the month of September were 494,400 net tons, an increase of 8.3 percent from the month before and an increase of 4.1 percent from September 2013. Inventories at the end of the month stood at 1,511,400 tons, up 0.8 percent from last month and up 16.5 percent from the same month one year ago. The daily average receipt rate for September was 24,100 tons (21 day month), down from 24,306 tons the month before (20 day month). Total September receipts were 18,000 tons lower than the August figure. According to the MSCI, total months on hand stood at 3.1 months, down from 3.3 months the previous month, but up from 2.7 months in September 2013.
Flat Rolled
