Market Data
October 16, 2013
Canadian Service Centers Reduce Inventories
Written by Brett Linton
Canadian shipments for all steel products in the month of September were 474,900 net tons, a decrease of 0.8 percent from the month before but an increase of 1.1 percent from September 2012. Inventories at the end of the month stood at 1,297,700 tons, a decrease of 6.6 percent from last month and a decrease of 20.4 percent from the same month one year ago. The daily average receipt rate for September was 19,154 tons (20 day month), down slightly from 19,285 tons the month before (21 day month). September receipts were 21,100 tons lower than August totals. According to the MSCI, total months on hand stood at 2.7 months on both an unadjusted and seasonally-adjusted basis.
Flat Rolled
