Canadian Distributor Flat Rolled Inventories Show Slight Decline in February

Flat Rolled

Canadian shipments of flat rolled products for the month of February were 236,200 tons, an increase of 6.3 percent from January and an increase of 6.6 percent from the same month one year ago. Inventories at the end of the month were 754,500 tons, down 3.1 percent from last month and down 18.5 percent from the same month one year ago. The daily receipt rate for February was 10,086 tons per day, down from 14,675 tons per day the month before. Total tonnage received was 211,800 tons, down from 293,500 tons the month before. Flat rolled inventories stood at 3.2 months in February, down from 3.5 months of supply in January.

Plate

Canadian shipments for plate products in the month of February were 71,400 tons, a decrease of 9.0 percent from the previous month and a decrease of 9.8 percent from February 2015. Inventories at the end of the month were 184,000 tons, a decrease of 5.7 percent from last month and a decrease of 44.3 percent from the same month one year ago. The daily average receipt rate for February was 2,867 tons per day, down from 4,030 tons per day the month before. Plate inventories ended the month at 2.6 months, up from 2.5 months last month.

Pipe and Tube

Canadian shipments for pipe and tube products in the month of February were 43,200 tons, a decrease of 2.5 percent from the month before and a decrease of 3.2 percent from the same month last year. Inventories at the end of the month were 136,100 tons, up 0.6 percent from last month but down 6.5 percent from the same month one year ago. The daily average receipt rate for February was 2,095 tons per day, down from 2,275 tons per day the month before. Total months on hand for pipe and tube inventories stood at 3.1 months, unchanged from the end of January.