SMU Data and Models
March 22, 2018
MSCI Data Shows February Shipments Above the Seasonal Norm
Written by Peter Wright
Service center shipments in February were stronger than the seasonal norm, according to Steel Market Update’s latest analysis of Metals Service Center Institute data.
Daily shipments in February were 3.8 percent higher than in January. On average since 2009, February shipments have decreased by 0.4 percent; therefore, these latest numbers were seasonally better than the historical average for this time of year. Carbon steel shipments averaged 156,600 tons per day in February and days on hand as of the 28th totaled 46.5, which was down from 48.2 at the end of January.
