Steel Mills
Steel Service Center Shipments and Inventories Rise
Written by Brett Linton
May 16, 2014
US steel service centers shipments for all steel products during the month of April were 3,087,300 net tons, an increase of 3.6 percent from the March shipments, and an increase of 4.9 percent from April 2013 levels. Steel inventories at the end of the month were 8,617,500 tons, an increase of 4.3 percent from the month before, and an increase of 3.7 percent from the same month last year. The daily average steel receipt rate for April was 198,051 tons per day (21 day month), up from 160,154 tons per day from the prior month (also a 21 day month). Total April steel receipts were 796,100 tons higher than the March figure. According to the Metal Service Center Institute (MSCI), total months on hand stood at 2.3 months unadjusted or 2.4 months on a seasonally adjusted (SA) basis.
Flat Rolled
US shipments of flat rolled products for the month of April were 2,495,300 tons, an increase of 3.5 percent from the month before, and an increase of 6.3 percent from the same month one year ago. Inventories at the end of the month were 5,344,500 tons, an increase of 6.3 percent from last month, and an increase of 6.3 percent from the same month one year ago. The daily receipt rate for April was 133,940 tons, up from 100,540 tons the month before. Total tonnage received for the month was 2,813,300, up from 2,111,700 the month before. Flat rolled inventories stood at 2.1 months unadjusted or 2.3 months on a SA basis.
Plate
US shipments for plate products in the month of April were 379,800 tons, an increase of 4.3 percent from the month before, and an increase of 3.1 percent from April 2013. Inventories at the end of the month were 952,600 tons, a decrease of 1.4 percent from last month, and a decrease of 3.1 percent from the same month one year ago. The daily average receipt rate for April was 17,435 tons, up from 16,878 tons the month before. Plate inventories stood at 2.5 months unadjusted or 2.7 months on a SA basis.
Pipe and Tube
US shipments for pipe and tube products in the month of April were 243,000 tons, an increase of 2.3 percent from the month before, and an increase of 2.6 percent from April 2013. Inventories at the end of the month were 657,500 tons, an increase of 0.6 percent from last month, but a decrease of 3.0 percent from the same month one year ago. The daily average receipt rate for April was 11,745 tons, up from 11,265 tons the month before. Pipe and tube inventories stood at 2.7 months unadjusted or 2.8 months on a SA basis.
Brett Linton
Read more from Brett LintonLatest in Steel Mills
Cleveland-Cliffs quietly removes name from Steelton mill
The Cleveland-Cliffs name has been removed from its idled Steelton rail mill. SMU asked Cliffs about the move and if it might signal that it is selling the mill...
Nucor sees sequentially lower Q3 profits across all three business segments
Nucor's third-quarter earnings will be down quarter-over-quarter, but still higher than a year earlier.
Hyundai still on for Louisiana steel mill despite US raid at Georgia battery plant
Hyundai has reaffirmed its commitment to build a steel plant in Louisiana following a US government immigration raid at its battery facility in Georgia.
Hybar lowers output forecast, owning up to EAF startup delay
Hybar LLC’s rebar mill in Osceola, Ark., is now melting scrap and will soon be fulfilling orders, according to CEO David Stickler, despite a six-to-eight-week delay caused by commissioning the world’s first Aura electrical system.
Steel Dynamics guides to more metal, more money in Q3
Steel Dynamics Inc. is bullish heading into the close of the third quarter, with all three of its operating segments tracking higher.