Product
August 16, 2013
Canadian MSCI Service Center Data
Written by Brett Linton
Canadian shipments for all steel products in the month of July were 459,400 net tons, an increase of 1.3 percent from the month before but a decrease of 2.5 percent from July 2012. Inventory at the end of the month stood at 1,462,600 tons, a decrease of 1.5 percent from last month and a decrease of 10.5 percent from the same month one year ago.
The daily average receipt rate for July was 19,895 tons (22 day month), down from 20,824 tons the month before (20 day month). July receipts were 21,160 tons higher than June totals. According to the MSCI, total months on hand stood at 3.2 months (unadjusted) or 3.1 months on a seasonally adjusted basis.
