Steel Mills
September 18, 2016
Service Center Shipments/Inventories for August
Written by John Packard
The following analysis of the Metal Service Center Institute (MSCI) shipping and inventories data is what is normally shared with our Premium level members.
Carbon steel shipments increased by 436,300 tons in August and almost reversed the decline of 443,300 in July. These gyrations are mostly driven by the number of shipping days in the month which were 22 in June, 20 in July and 23 in August. Overall the August result on a tons / day basis made very little progress. Plate and structurals were up, sheet and bar products were flat and tubulars declined.
