Market Segment
June 16, 2016
Canadian Distributor Sheet Inventories & Shipments in May
Written by Brett Linton
Canadian shipments for all steel products in the month of May were 388,600 net tons, an increase of 4.2 percent from the month before but a decrease of 2.1 percent from May 2015. Inventories at the end of the month stood at 1,150,300 tons, down 9.4 percent from last month and down 26.1 percent from the same month one year ago.
The daily average receipt rate for May was 12,790 tons per day (21 day month), down from 21,662 tons per day in April (21 day month also). Total May receipts were 186,300 tons lower than the April figure. According to the MSCI, total steel product inventories stood at 3.0 months at the end of May, down from 3.4 months at the end of April.
