Steel Mills
December 18, 2016
Canadian Distributor Flat Rolled Shipments/Inventories in November
Written by Brett Linton
Canadian shipments for all steel products in the month of November were 398,000 net tons, an increase of 11.6 percent from the month before and an increase of 11.3 percent from November 2015. Inventories at the end of the month stood at 1,087,700 tons, up 0.7 percent from last month but down 5.7 percent from the same month one year ago.
The daily average receipt rate for November was 19,290 tons per day (21 day month), up from 16,035 tons per day in October (20 day month). Total November steel receipts were 405,100 tons, 84,400 tons higher than the October figure. According to the MSCI, total steel product inventories stood at 2.7 months at the end of November, down from 3.0 months the month before.
