Steel Mills
October 18, 2016
Canadian Distributor Flat Rolled Shipments/Inventories Lower
Written by Brett Linton
Canadian shipments for all steel products in the month of September were 370,800 net tons, an increase of 1.6 percent from the month before but a decrease of 8.5 percent from September 2015. Inventories at the end of the month stood at 1,116,500 tons, down 2.8 percent from last month and down 15.6 percent from the same month one year ago.
The daily average receipt rate for September was 16,114 tons per day (21 day month), down from 18,768 tons per day in August (22 day month). Total September receipts were 74,500 tons lower than the August figure. According to the MSCI, total steel product inventories stood at 3.0 months at the end of September, down from 3.1 months the month prior.
