Steel Mills
December 16, 2014
U.S. Steel Service Center Inventories 15.2% Higher than Last November
Written by John Packard
The Metal Service Center Institute (MSCI) reported total steel inventories of 9,195,700 tons. This represents an increase of 15.2 percent above last year and when taking the current shipment rate into consideration, MSCI reported inventories as being 33.1 percent higher than November 2013.
The daily shipment rate dropped from 170,100 tons per day (all products) during October to 163,900 tons per day in November. There were 19 shipping days during the month of November. Shipments were up 10,500 tons per day compared to November 2013.
