Steel Mills
August 18, 2015
MSCI Flat Rolled Shipments Drop & Inventories Rise
Written by John Packard
The Metal Service Center Institute (MSCI) reported July steel service center shipments and inventory data for the month of July. Expectations had been running high that shipments would decent for the month and that inventories, which had been dropping over the past six months, would continue that trend. Unfortunately, 2015 is turning out to be the year where dreams do not come true.
Let’s take a moment and first look at the overall picture. Total steel shipments (all products) for the month of July totaled 3,442,300 tons or 156,500 tons per day. Shipments were down 7.0 percent compared to the previous year when the U.S. service centers averaged 168,300 tons of shipments per day.
