Canada
August 18, 2016
Canadian Distributor Sheet Inventories & Shipments in July
Written by Brett Linton
Canadian shipments for all steel products in the month of July were 318,700 net tons, a decrease of 14.8 percent from the month before and a decrease of 14.9 percent from July 2015. Inventories at the end of the month stood at 1,100,800 tons, down 1.8 percent from last month and down 25.6 percent from the same month one year ago.
The daily average receipt rate for July was 14,950 tons per day (20 day month), down from 15,650 tons per day in June (22 day month). Total July receipts were 45,300 tons lower than the June figure. According to the MSCI, total steel product inventories stood at 3.5 months at the end of July, up from 3.0 months the month prior.
