Market Segment
February 18, 2016
US Service Center Flat Rolled Inventories Moving Closer to "Balanced"
Written by Brett Linton
The Metal Service Center Institute (MSCI) released shipment and inventory data for U.S. steel distributors this week. The headline for total steel products is shipments rose from December to January by 275,200 tons or 9.9 percent, but were still 470,400 tons or 13.3 percent below levels from one year ago.
U.S. steel service centers shipped a total of 3,053,200 tons during the 20 shipping days in January, up from 2,778,000 tons shipped in December with 2 additional shipping days. Compare this to January 2015 shipments of 3,523,600 tons with 21 shipping days.
