Steel Mills
November 17, 2015
U.S. Service Center Flat Rolled Steel Inventories Drop
Written by John Packard
Shipments of all steel products out of the U.S. based steel service centers totaled 3,363,900 tons, according to the Metal Service Center Institute (MSCI) in data released on Monday. Total tonnage was up 3.2 percent compared to September but was down 14 percent year-over-year. The daily shipment rate was 152,900 tons which was 1.5 percent lower than the prior month which had one less shipping day and 10.1 percent lower than October 2014.
Total steel inventories were reported to be 8,918,500 tons which is down 3.0 percent compared to the 9,192,400 tons at the end of the prior month. Inventories at the end of October were 4.2 percent lower than October 2014.
