Service Centers
April 16, 2015
Service Center Carbon Steel Inventories Dropped in March
Written by John Packard
According to the Metal Service Center Institute (MSCI,) U.S. steel service centers shipped 3,672,900 tons of carbon steel (all products) at an average of 167,000 tons per day during the month of March 2015. Total carbon shipments were up 10.1 percent over the previous month but 0.1 percent lower than one year ago. However, the daily shipment rate, which is what we tend to focus in on, was much lower than the 175,000 tons per day seen last year but, March 2015 did have one more shipping day (22) than the prior year.
Total steel inventories ended the month at 9,558,300 tons, down 316,900 tons from February 2015.
