Canadian Distributor Flat Rolled Inventories Drop

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.