Steel Mills
February 16, 2017
Canadian Distributor Flat Rolled Shipments/Inventories in January
Written by Brett Linton
Total Canadian steel shipments for all products in January were 411,800 net tons, an increase of 42.0 percent from the month before and an increase of 5.7 percent from January 2016. Total steel inventories at the end of the month stood at 1,178,200 tons, up 0.6 percent from last month but down 5.8 percent from the same month one year ago.
The daily average receipt rate for January was 19,971 tons per day (21 day month), up from 18,640 tons per day in December (20 day month). Total January steel receipts were 419,400 tons, 46,600 tons higher than the December figure. According to the MSCI, total steel product inventories stood at 2.9 months at the end of January, down from 4.0 months the month before.
