Steel Mills
October 18, 2016
Steel Distributors Shipments Down 6.6 Percent in September
Written by John Packard
The trend for lower shipments and inventories out of the steel distributors in the United States continued during the month of September, according to just released Metal Service Center Institute (MSCI) data. The MSCI reported total steel shipments declined 6.6 percent compared to one year ago while inventories dropped 17.2 percent YOY.
September MSCI carbon steel shipment and inventories data showed demand as being below the normal seasonality expected. September shipments were down 1.4 percent compared to August and the norm for September is for shipments to be up 1 percent MOM.
