Canada
March 16, 2017
Canadian Distributor Flat Rolled Shipments/Inventories in February
Written by Brett Linton
Total Canadian steel shipments for all products in February were 365,700 net tons, a decrease of 11.2 percent from the month before and a decrease of 7.8 percent from February 2017. Do keep in mind that total January shipments were at an 18 month high. Total steel inventories at the end of the month stood at 1,171,400 tons, down 0.6 percent from last month and down 3.3 percent from the same month one year ago.
The daily average receipt rate for February was 17,945 tons per day (20 day month), down from 19,971 tons per day in January (21 day month). Total February steel receipts were 358,900 tons, down 60,500 tons over January. According to the MSCI, total steel product inventories stood at 3.2 months at the end of February, up from 2.9 months the month before.
