MSCI: 2013 Goes Out with a Bang for Service Centers
01/17/2014 - Monthly shipments of steel and aluminum from service centers in both the U.S. and Canada ended 2013 with gains over December 2012, the Metals Service Center Institute (MSCI) said in its latest monthly report.
In the U.S., December shipments lifted 2013 annual shipments to levels roughly equal with 2012 for both metals. 2013 remained slightly below 2012 in Canada.
While inventory levels increased from November levels as a result of December’s seasonally low level of shipments, inventories were in a better position across the board than last year at this time.
U.S. Service Center Activity
U.S. service center steel shipments in December 2013 increased by 16.5% from December 2012. Steel product inventories decreased 2.1% from December a year ago.
U.S. service center shipments of aluminum products in December increased by 13.3% from the same month in 2012. Inventories of aluminum products increased 3.3% from December a year ago.
Canadian Service Center Activity
Canadian service centers shipments of steel products in December 2013 increased by 3.0% from December 2012. Steel product inventories decreased 25.5% from December a year ago.
Canadian service center aluminum shipments in December increased 3.5% from the same month in 2012. Inventories of aluminum products decreased 6.2% from December a year ago.
While inventory levels increased from November levels as a result of December’s seasonally low level of shipments, inventories were in a better position across the board than last year at this time.
U.S. Service Center Activity
U.S. service center steel shipments in December 2013 increased by 16.5% from December 2012. Steel product inventories decreased 2.1% from December a year ago.
U.S. service center shipments of aluminum products in December increased by 13.3% from the same month in 2012. Inventories of aluminum products increased 3.3% from December a year ago.
Canadian Service Center Activity
Canadian service centers shipments of steel products in December 2013 increased by 3.0% from December 2012. Steel product inventories decreased 25.5% from December a year ago.
Canadian service center aluminum shipments in December increased 3.5% from the same month in 2012. Inventories of aluminum products decreased 6.2% from December a year ago.
