Steel Mills
April 18, 2017
MSCI United States Service Center Data for March
Written by John Packard
Steel Market Update (SMU) is providing two articles on the MSCI (Metal Service Center Institute) data for March 2017 for United States steel distributors in tonight’s newsletter. The first article is our normal analysis and the second article is a deeper dive analysis normally provided to our Premium level readers. Publisher, John Packard, also provides some insights and opinions about service center inventories in his Final Thoughts at the very end of this issue.
Earlier today the MSCI released shipment and inventories data for the steel service centers located in the United States. According to the MSCI total steel shipments were 3,657,400 tons for the month of March. This is 9.7 percent above year ago levels (we had 23 shipping days compared to 20 last year). The daily shipment rate was 159,000 tons well above the 144,900 tons reported last year.
