Steel Mills
June 16, 2016
Service Center Shipments & Inventories Slip
Written by John Packard
Steel service centers based in the United States shipped and received fewer tons of steel products during the month of May, according to data just released by the Metal Service Center Institute (MSCI). Shipments of all steel products totaled 3,204,800 net tons at a daily shipment rate of 152,600 tons. Last month the daily rate was 154,600 tons and last year it was 164,000 tons per day.
Distributor inventories dropped to 7,581,200 tons which is 18.9 percent below year ago levels. The months on hand are at 2.4 the same as last month.
