Product
February Service Center Shipments and Inventories- Canada
Written by Peter Wright
March 21, 2013
Written by: Peter Wright
Canadian service center tons per day shipments in February were also down overall and for all individual product groups compared to February a year ago. Their total daily shipments were 76.3 percent of the pre recession level, ranging from 102.2 percent for plate to 70.2 percent for sheet. Of all steel products in Canada, only plate has fully recovered, and this as early as August 2011.
As in the U.S., both shipments and inventories are well below the level they enjoyed before the recession, Fig 2. Canadian service centers almost exactly balanced intake and shipments in February but inventories closed out the month 2.5 percent higher than a year ago.
Months on hand in Canada at 3.84 overall are proportionately much higher than in the US. Full details by product group are shown in Table 2.
Note: In Steel Market Update commentaries on service center performance we only discuss daily receipts and shipments because the difference in shipping days per month makes monthly data less meaningful. Also we avoid comparing consecutive months because both seasonal and commercial influences distort the data. All comparisons are made on a year / year basis to remove some of the monthly noise.
Peter Wright
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