Canada
January 19, 2017
Canadian Distributor Flat Rolled Shipments/Inventories in December
Written by Brett Linton
Total Canadian steel shipments for all products in December were 289,900 net tons, a decrease of 27.2 percent from the month before but an increase of 6.2 percent from December 2015. Total steel inventories at the end of the month stood at 1,170,600 tons, up 7.6 percent from last month and up 0.4 percent from the same month one year ago.
The daily average receipt rate for December was 18,640 tons per day (20 day month), down from 19,290 tons per day in November (21 day month). Total December steel receipts were 372,800 tons, 32,300 tons lower than the November figure. According to the MSCI, total steel product inventories stood at 4.0 months at the end of December, up from 2.7 months the month before.
