Market Segment
May 16, 2014
Steel Service Center Shipments and Inventories Rise
Written by Brett Linton
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.
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