Canadian Service Center Shipments and Inventories Down in April

Canadian steel service center shipments for all steel products during the month of April were 496,300 net tons, a decrease of 0.7 percent from the month before, and a decrease of 5.6 percent from April 2013. Inventories at the end of the month stood at 1,431,800 tons, a decrease of 2.7 percent from last month, and a decrease of 11.7 percent from the same month one year ago. The daily average receipt rate for April was 21,682 tons (21 day month), down from 27,404 tons the prior month (21 day month as well). Total April receipts were 120,400 tons lower than March. According to the Metal Service Center Institute, total months on hand stood at 2.9 months unadjusted or 3.1 months on a seasonally adjusted (SA) basis.

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