Steel Mills
September 20, 2016
US Steel Distributors Improve YOY Shipping Levels for 1st Time Since 2014
Written by John Packard
Steel service centers in the United States shipped a total of 3,378,700 tons of steel (all products) during the month of August, according to data just released by the Metal Service Center Institute (MSCI). The daily shipment rate improved by 1,000 tons per day during August compared to July as the distributors shipped 146,900 tons per day of steel products. The monthly total represented a 2.1 percent improvement year-over-year and was the first month where we saw YOY improvement going back to 2014.
The distributors have shipped a total of 25,699,400 tons so far this year which is 6.9 percent lower than year ago levels.
