Steel Mills
July 18, 2017
MSCI Reports Flat Rolled Inventories Under 2 Months
Written by John Packard
Shipments of all steel products by U.S. distributors in June totaled 3,423,500 tons, up 1.1 percent from June 2016, reported the Metals Service Center Institute (MSCI). The 155,600 tons per day shipment rate in June was 300 tons per day lower than in the month of May. Both May and June had 22 shipping days.
Inventories of all steel products being held at steel distributors in the United States totaled 7,262,200 tons at the end of June. Steel inventories ended the month almost exactly the same as the month of May, which came in at 7,242,300 tons. The number of months supply remains at 2.1 months, MSCI reported.
