Market Segment
March 17, 2016
Canadian Distributor Flat Rolled Inventories Show Slight Decline in February
Written by Brett Linton
Canadian shipments for all steel products in the month of January were 396,900 net tons, an increase of 1.8 percent from the month before and an increase of 2.0 percent from February 2015. Inventories at the end of the month stood at 1,211,700 tons, down 3.1 percent from last month and down 21.6 percent from the same month one year ago.
The daily average receipt rate for February was 17,067 tons per day (21 day month), down from January’s surge of 23,695 tons per day (20 day month). Total February receipts were 115,500 tons lower than the January figure. According to the MSCI, total steel product inventories stood at 3.1 months at the end of February, down from 3.2 months at the end of January.
