Steel Mills
May 17, 2016
Canadian Distributor Sheet Inventories & Shipments Dropped in April
Written by Brett Linton
Canadian shipments for all steel products in the month of April were 372,800 net tons, a decrease of 4.9 percent from the month before and a decrease of 12.9 percent from April 2015. Inventories at the end of the month stood at 1,270,300 tons, up 6.9 percent from last month but down 20.7 percent from the same month one year ago.
The daily average receipt rate for April was 21,662 tons per day (21 day month), up from 16,759 tons per day in March (22 day month). Total April receipts were 86,200 tons higher than the March figure. According to the MSCI, total steel product inventories stood at 3.4 months at the end of April, up from 3.0 months at the end of March.
