Canadian Service Center Shipments and Inventories in August

Canadian shipments for all steel products in the month of August were 456,600 net tons, a decrease of 5.3 percent from the month before and a decrease of 4.6 percent from August 2013. Inventories at the end of the month stood at 1,499,500 tons, up 2.2 percent from last month and up 8.0 percent from the same month one year ago. The daily average receipt rate for August was 24,306 tons (20 day month), down from 25,455 tons the month before (22 day month). Total August receipts were 70,800 tons lower than the July figure. According to the MSCI, total months on hand stood at 3.3 months, up from 3.0 months the previous month and up from 2.9 months in August 2013.

Flat Rolled