Economy
Canadian Service Center Data for November
Written by Brett Linton
December 17, 2013
Canadian shipments for all steel products in the month of November were 473,000 net tons, a decrease of 11.1 percent from the month before and a decrease of 4.5 percent from November 2012. Inventories at the end of the month stood at 1,256,700 tons, an increase of 0.9 percent from last month but a decrease of 24.8 percent from the same month one year ago. The daily average receipt rate for November was 24,251 tons (20 day month), up from 21,834 tons the month before (22 day month). November receipts were 4,100 tons higher than October totals. According to the MSCI, total months on hand stood at 2.7 months unadjusted or 2.6 months on a seasonally-adjusted basis.
Flat Rolled
Canadian shipments of flat rolled products for the month of November were 246,400 tons, a decrease of 8.5 percent from the month before but an increase of 1.6 percent from November 2012. Inventories at the end of the month were 643,400 tons, a decrease of 1.4 percent from last month and a decrease of 35.2 percent from the same month one year ago. The daily receipt rate for November was 11,831 tons, up from 10,506 tons the month before. Total tonnage receipts were 237,000 tons, up from 231,900 tons the month before. Flat rolled inventories stood at 2.6 months on both an unadjusted and seasonally-adjusted basis.
Plate
Canadian shipments for plate products in the month of November were 84,900 tons, a decrease of 14.4 percent from the month before and a decrease of 17.3 percent from November 2012. Inventories at the end of the month were 231,800 tons, an increase of 2.6 percent from last month but a decrease of 19.0 percent from the same month one year ago. The daily average receipt rate for November was 4,487 tons, up from 3,969 tons the month before. Plate inventories stood at 2.7 months on both an unadjusted and seasonally-adjusted basis.
Pipe and Tube
Canadian shipments for pipe and tube products in the month of November were 51,000 tons, a decrease of 16.0 percent from the month before and a decrease of 12.7 percent from November 2012. Inventories at the end of the month were 136,400 tons, an increase of 5.2 percent from last month but a decrease of 0.2 percent from the same month one year ago. The daily average receipt rate for November was 2,947 tons, down from 3,026 tons the month before. Pipe and tube inventories stood at 2.7 months unadjusted or 2.6 months on a seasonally-adjusted basis.
Brett Linton
Read more from Brett LintonLatest in Economy
ISM: Manufacturing growth slows in July, hits 10-month low
US manufacturing activity slowed again in July to a 10-month low
CRU: Pushing EU imports back to 15% would be a big task
Several EU member states have published a ‘non-paper’ that puts forward proposals for a post-safeguard trade measure.
SMU Community Chat: Tariff-induced panic purchases, inflation, and calculating costs
Chief executive of the Institute for Supply Management (ISM), Tom Derry highlighted how reactive buying behavior has shifted the market into a quiet demand period. Derry presented ISM data during the weekly SMU community chat.
Architecture billings still sluggish despite project inquiry uptick
The Architecture Billings Index (ABI), a leading indicator for non-residential construction activity, declined for an eighth straight month in June.
Beige Book: Tariff pressures mount, flat outlook
All districts reported “experiencing modest to pronounced input cost pressures related to tariffs, especially for raw materials used in manufacturing and construction.”