Steel Mills

Canadian Distributor Flat Rolled Shipments/Inventories in November
Written by Brett Linton
December 18, 2016
Canadian shipments for all steel products in the month of November were 398,000 net tons, an increase of 11.6 percent from the month before and an increase of 11.3 percent from November 2015. Inventories at the end of the month stood at 1,087,700 tons, up 0.7 percent from last month but down 5.7 percent from the same month one year ago.
The daily average receipt rate for November was 19,290 tons per day (21 day month), up from 16,035 tons per day in October (20 day month). Total November steel receipts were 405,100 tons, 84,400 tons higher than the October figure. According to the MSCI, total steel product inventories stood at 2.7 months at the end of November, down from 3.0 months the month before.
Flat Rolled
Canadian shipments of flat rolled products for the month of November were 217,100 tons, an increase of 10.9 percent from October and an increase of 6.2 percent from the same month one year ago. Inventories at the end of the month were 633,900 tons, up 4.8 percent from last month but down 8.0 percent from the same month one year ago. The daily receipt rate for November was 11,729 tons per day, up from 8,080 tons per day in October. Total tonnage received was 246,300 tons, down from 161,600 tons the month before. Flat rolled inventories stood at 2.9 months in November, down from 3.1 months of supply in October.
Plate
Canadian shipments for plate products in the month of November were 66,400 tons, an increase of 4.4 percent from the previous month and an increase of 6.2 percent from November 2015. Inventories at the end of the month were 187,400 tons, down 4.3 percent from last month and down 4.8 percent from the same month one year ago. The daily average receipt rate for November was 2,762 tons per day, down from 2,945 tons per day the month before. Plate inventories ended the month at 2.8 months, down from 3.1 months the month before.
Pipe and Tube
Canadian shipments for pipe and tube products in the month of November were 52,100 tons, an increase of 13.0 percent from the month before and an increase of 9.7 percent from the same month last year. Inventories at the end of the month were 119,900 tons, down 3.1 percent from last month and down 9.4 percent from the same month one year ago. The daily average receipt rate for November was 2,300 tons per day, up from 2,290 tons per day the month before. Total months on hand for pipe and tube inventories stood at 2.3 months, down from 2.7 months at the end of October.

Brett Linton
Read more from Brett LintonLatest in Steel Mills

Steel Summit: Schneider sees SDI ‘on the edge of a very good run’
Steel Dynamics Inc. (SDI) President and Chief Operating Officer, Barry Schneider, remains bullish about the Fort Wayne, Ind.-based steelmaker’s position in the current market.

Steel Summit: Burritt says USS and Nippon are fast-tracking modern steelmaking
U.S. Steel President and CEO David Burritt told audiences at SMU's Steel Summit 2025 that the iconic American steelmaker’s partnership with Nippon Steel is fast-tracking smarter steel production.

Nucor moves to stop HRC price slide with $10/ton hike
Nucor is attempting to halt the decline in hot-rolled coil prices with the announcement of a $10-per-short-ton increase in its weekly consumer spot price on Monday.

Explosion rocks ArcelorMittal’s DR plant in Mexico
ArcelorMittal reported a "strong" explosion at the direct reduction part of its massive Lazaro Cardenas mill in Mexico.

SDI to acquire remaining stake in New Process Steel
Steel Dynamics Inc. (SDI) announced that it has agreed to acquire the remaining 55% equity interest in New Process Steel.