Canadian Service Center Shipments Improve by 4% During August

Canadian shipments for all steel products in the month of August were 478,700 net tons, an increase of 4.2 percent from the month before but a decrease of 6.8 percent from August 2012. Inventories at the end of the month stood at 1,388,800 tons, a decrease of 5.0 percent from last month and a decrease of 14.4 percent from the same month one year ago. The daily average receipt rate for August was 19,285 tons (21 day month), down from 19,895 tons the month before (22 day month). August receipts were 32,400 tons lower than July totals. According to the MSCI, total months on hand stood at 2.9 months on both an unadjusted and seasonally-adjusted basis.

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