Steel Mills
July 19, 2017
MSCI Data Positive for June
Written by Peter Wright
The growth of service center shipments in June beat the average performance since 2009, according to data from the Metals Service Center Institute (MSCI). Inventories tend to be lower at mid-year, which is the case in 2017.
Daily shipments in June were 0.8 percent higher than in May. On average since 2009, June has decreased by 1.0 percent, therefore these latest numbers were a little better than normal for this time of year. Carbon steel shipments were 148,000 tons per day in June and months on hand on June 30 were 2.09, up from 2.05 at the end of May.
