Canadian Distributor Sheet Inventories & Shipments Dropped in April

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.