Recovery in North American Service Center Sector Continues into October
11/20/2013 - October 2013 service center shipments grew at virtually the same rates in the U.S. and Canada as in September 2013.
Inventory positions continued to improve across the board, the Metals Service Center Institute (MSCI) reports.
U.S. Service Center Activity
U.S. service center steel shipments in October 2013 increased by 8.0% from October 2012. Steel product inventories decreased 4.6% from October a year ago. At the current shipping rate, this represents a decrease of 11.6% from a year ago.
U.S. service center shipments of aluminum products in October increased by 8.7% from the same month in 2012. Inventories of aluminum products decreased 0.8% from October a year ago. At the current shipping rate, this represents a decrease of 8.7% from a year ago.
Canadian Service Center Activity
Canadian service centers shipments of steel products in October 2013 increased by 1.6% from October 2012. Steel product inventories decreased 24.6% from October a year ago. At the current shipping rate, this represents a decrease of 25.8% from a year.
Canadian service center aluminum shipments in October increased 0.5% from the same month in 2012. Inventories of aluminum products decreased 12.8% from October a year ago. At the current shipping rate, this represents a decrease of 13.3% from a year ago.
U.S. Service Center Activity
U.S. service center steel shipments in October 2013 increased by 8.0% from October 2012. Steel product inventories decreased 4.6% from October a year ago. At the current shipping rate, this represents a decrease of 11.6% from a year ago.
U.S. service center shipments of aluminum products in October increased by 8.7% from the same month in 2012. Inventories of aluminum products decreased 0.8% from October a year ago. At the current shipping rate, this represents a decrease of 8.7% from a year ago.
Canadian Service Center Activity
Canadian service centers shipments of steel products in October 2013 increased by 1.6% from October 2012. Steel product inventories decreased 24.6% from October a year ago. At the current shipping rate, this represents a decrease of 25.8% from a year.
Canadian service center aluminum shipments in October increased 0.5% from the same month in 2012. Inventories of aluminum products decreased 12.8% from October a year ago. At the current shipping rate, this represents a decrease of 13.3% from a year ago.
