Steel Mills
November 18, 2016
US Flat Rolled Distributors Inventories 20.2% Lower Than Year Ago
Written by John Packard
Earlier this week the Metals Service Center Institute (MSCI) released end of October shipment and inventories data for the U.S. steel service centers.
Total steel shipments (all products) were 3,073,400 net tons which was 8.6 percent lower than October 2015 levels. The distributors shipped 146,400 tons per day which was an improvement over the 145,000 tons per day shipped during the month of September 2016. Year to date the domestic service centers have shipped 31,616,900 tons which is 7.0 percent lower than what we saw this time last year.
