Service Centers
August 18, 2017
Service Center Shipments Dip in July
Written by Peter Wright
Service center shipments took the normal dip in July, but the decline was slightly more than the historical average. Months on hand at the end of July were up sharply, partly because of a decline in shipping days, according to Steel Market Update’s latest analysis of Metals Service Center Institute data.
Daily shipments in July were 5.1 percent lower than in June. On average since 2009, July has decreased by 4.6 percent, therefore these latest numbers were a little worse than normal for this time of year. Carbon steel shipments were 140,600 tons per day in July and months on hand on the 31st were 2.51, up from 2.09 at the end of June.
