Canada
November 17, 2016
Canadian Distributor Flat Rolled Shipments/Inventories Decline in October
Written by Brett Linton
Canadian shipments for all steel products in the month of October were 356,600 net tons, a decrease of 3.8 percent from the month before and a decrease of 6.1 percent from October 2015. Inventories at the end of the month stood at 1,080,600 tons, down 3.2 percent from last month and down 11.2 percent from the same month one year ago.
The daily average receipt rate for October was 16,035 tons per day (20 day month), down from 16,114 tons per day in September (21 day month). Total October receipts were 17,700 tons lower than the September figure. According to the MSCI, total steel product inventories stood at 3.0 months at the end of October, unchanged from the month prior.
