Steel Mills

Canadian Distributor Sheet Inventories & Shipments Dropped in April
Written by Brett Linton
May 17, 2016
Canadian shipments for all steel products in the month of April were 372,800 net tons, a decrease of 4.9 percent from the month before and a decrease of 12.9 percent from April 2015. Inventories at the end of the month stood at 1,270,300 tons, up 6.9 percent from last month but down 20.7 percent from the same month one year ago.
The daily average receipt rate for April was 21,662 tons per day (21 day month), up from 16,759 tons per day in March (22 day month). Total April receipts were 86,200 tons higher than the March figure. According to the MSCI, total steel product inventories stood at 3.4 months at the end of April, up from 3.0 months at the end of March.
Flat Rolled
Canadian shipments of flat rolled products for the month of April were 225,300 tons, a decrease of 2.4 percent from March and a decrease of 11.3 percent from the same month one year ago. Inventories at the end of the month were 702,100 tons, down 2.3 percent from last month and down 31.3 percent from the same month one year ago. The daily receipt rate for April was 9,957 tons per day, up from 8,850 tons per day in March. Total tonnage received was 209,100 tons, up from 194,700 tons the month before. Flat rolled inventories stood at 3.1 months in April, unchanged from last month.
Plate
Canadian shipments for plate products in the month of April were 63,900 tons, a decrease of 5.3 percent from the previous month and a decrease of 20.6 percent from April 2015. Inventories at the end of the month were 198,600 tons, up 2.4 percent from last month but down 30.2 percent from the same month one year ago. The daily average receipt rate for April was 3,262 tons per day, down from 3,523 tons per day the month before. Plate inventories ended the month at 3.1 months, up from 2.9 months the month prior.
Pipe and Tube
Canadian shipments for pipe and tube products in the month of April were 39,700 tons, a decrease of 17.3 percent from the month before and a decrease of 17.2 percent from the same month last year. Inventories at the end of the month were 125,800 tons, down 7.3 percent from last month and down 11.5 percent from the same month one year ago. The daily average receipt rate for April was 1,419 tons per day, down from 2,164 tons per day the month before. Total months on hand for pipe and tube inventories stood at 3.2 months, up from 2.8 months at the end of March.

Brett Linton
Read more from Brett LintonLatest in Steel Mills

Steel Dynamics guides to more metal, more money in Q3
Steel Dynamics Inc. is bullish heading into the close of the third quarter, with all three of its operating segments tracking higher.

AHMSA opens doors to potential buyers as $1.3B asset auction nears
AHMSA is opening its doors to potential buyers to tour its steel plant and mining operations in northern Mexico in preparation for the next stage of its bankruptcy process: the auction of its assets.

USW seeks clarity on USS plans for Granite City Works
The United Steelworkers union has asked U.S. Steel to elaborate on its Granite City Works plans following reports that the steelmaker is ending processing at the facility.

Nucor maintains plate prices, opens October order book
Nucor aims to keep plate prices flat for a seventh straight month with the opening of its October order book.

ArcelorMittal Mexico to import from sister mills as it works to resume DRI production
ArcelorMittal has partially restarted operations at its direct reduction plant in Lazaro Cardenas, Michoacan. An explosion on Aug. 18 rocked the massive steelworks on Mexico’s Pacific coast, impacting production of direct-reduced iron (DRI).