Steel Mills

Canadian Distributor Flat Rolled Inventories Drop
Written by Brett Linton
February 18, 2016
A note from the Metals Service Center Institute (MSCI) regarding a change in data: “For this month’s Metals Activity Reports in Canada, and going forward, there have been changes in the companies in the sample. These changes result in a reduction in the number of product categories being reported. As indicated on the reports Carbon Structural and Aluminum Extruded Shapes are no longer included. The report totals and historical data also reflect these changes.”
Canadian shipments for all steel products in the month of January were 389,700 net tons, an increase of 42.8 percent from the month before but a decrease of 4.0 percent from January 2015. Inventories at the end of the month stood at 1,250,200 tons, up 7.2 percent from last month but down 19.2 percent from the same month one year ago. The daily average receipt rate for January was 23,695 tons per day (20 day month), up from 13,595 tons per day the month before (21 day month). Total January receipts were 188,400 tons higher than the December figure. According to the MSCI, total steel product inventories stood at 3.2 months at the end of January, down from 4.3 months at the end of December.
Flat Rolled
Canadian shipments of flat rolled products for the month of January were 222,200 tons, an increase of 48.6 percent from the month before but a decrease of 2.4 percent from the same month one year ago. Inventories at the end of the month were 778,900 tons, up 10.1 percent from last month but down 16.7 percent from the same month one year ago. The daily receipt rate for January was 14,675 tons per day, up from 7,990 tons per day the month before. Total tonnage received was 293,500 tons, up from 167,800 tons the month before. Flat rolled inventories stood at 3.5 months in January, down from 4.7 months of supply in December.
Plate
Canadian shipments for plate products in the month of January were 78,500 tons, an increase of 48.4 percent from the month before but a decrease of 1.6 percent from January 2015. Inventories at the end of the month were 195,200 tons, an increase of 1.1 percent from last month but a decrease of 40.2 percent from the same month one year ago. The daily average receipt rate for January was 4,030 tons per day, up from 2,343 tons per day the month before. Plate inventories ended the month at 2.5 months, down from 3.6 months in December.
Pipe and Tube
Canadian shipments for pipe and tube products in the month of January were 44,300 tons, an increase of 22.0 percent from the month before but a decrease of 12.3 percent from the same month last year. Inventories at the end of the month were 135,300 tons, up 0.9 percent from last month but down 5.0 percent from the same month one year ago. The daily average receipt rate for January was 2,275 tons per day, up from 1,814 tons per day the month before. Total months on hand for pipe and tube inventories stood at 3.1 months, down from 3.7 months of supply at the end of December.

Brett Linton
Read more from Brett LintonLatest in Steel Mills

Atlas completes Evraz NA deal, renames firm, and hires former USS exec as CEO
Atlas Holdings has completed its acquisition of Evraz North America (Evraz NA) and its subsidiaries.

ArcelorMittal: As tariffs slow global growth, Calvert could be a bright spot
ArcelorMittal expects less demand growth across most of the markets it operates in, including the US, because of President Donald Trump’s tariffs. But the Luxembourg-based steelmaker also thinks it stands to benefit from an increasingly regionalized world thanks to investments like the new EAF at its mill in Calvert, Ala.

Ternium posts solid Q2, expects further shipment growth
Latin American steel producer Ternium delivered a solid performance in the second quarter of 2025. Performance was driven primarily by higher realized steel prices in Mexico, even as shipment volumes declined slightly across its regional portfolio.

Algoma swings to loss on ‘unprecedented disruptions’ and trade barriers
Canada’s Algoma Steel saw a sharp loss in the second quarter amid a continued challenging market environment and “tariff uncertainties.”

Nucor eyes long-term gains amid strong demand and trade enforcement
Resilient demand across its steel product lines, combined with the continued ramp-up of key expansion projects, drove Nucor’s improved financial results and record-setting performance in the second quarter. That’s according to company executives speaking on an earnings conference call on Tuesday.