Steel Mills
May 23, 2017
Service Center Intake, Shipments and Inventory through April 2017
Written by Peter Wright
When we saw that shipments had dropped by over 500,000 tons in April our first thought was “Yikes!” but as we looked deeper we saw that shipping days in March were 23 days (their highest in the cycle) and in April fell to 19 days. Daily shipments in April increased by 6.6 percent from March. On average since 2009, April has contracted by 0.5 percent therefore these latest numbers are encouraging. Carbon steel shipments were 156,000 tons per day in April and months on hand on the 30th were 2.28, up from 1.94 at the end of March.
Intake and Shipments
