Steel Mills
December 15, 2015
Canadian Distributor Flat Rolled Inventories at 3.4 Months Supply
Written by Brett Linton
Canadian shipments for all steel products in the month of November were 399,000 net tons, a decrease of 5.5 percent from the month before and decrease of 11.3 percent from November 2014. Inventories at the end of the month stood at 1,286,400 tons, down 5.1 percent from last month and down 19.1 percent from the same month one year ago. The daily average receipt rate for November was 16,505 tons per day (20 day month), up from 15,033 tons per day the month before (21 day month). Total November receipts were 14,400 tons higher than the October figure. According to the MSCI, total steel product inventories stood at 3.2 months at the end of November, unchanged from October.
Flat Rolled
