Steel Mills
July 19, 2016
Flat Rolled Number of Month's Supply at 2.0, Lowest Level Since Oct 2013
Written by John Packard
U.S. steel service centers shipped a total of 3,385,100 net tons of all steel products during the month of June 2016 according to recently released data from the Metal Service Center Institute. This is 5.1 percent lower than one year ago. The daily shipment rate was 153,900 tons up slightly from the 152,600 tons shipped during the month of May but below the 162,200 tons per day shipped one year ago.
Inventories of all steel products totaled 7,640,200 net tons which is 16.5 percent lower than year ago levels. The number of month’s supply dropped from 2.4 to 2.3 months based on the June shipment rate.
