Canada
April 18, 2017
Canadian Distributor Flat Rolled Shipments/Inventories in March
Written by Brett Linton
Total Canadian steel shipments for all products in March were 421,300 net tons, an increase of 15.2 percent from the month before and an increase of 7.4 percent from March 2017. Total steel inventories at the end of the month stood at 1,165,000 tons, down 0.5 percent from last month and down 2.0 percent from the same month one year ago.
The daily average receipt rate for March was 18,039 tons per day (2 day month), up from 17,945 tons per day in February (20 day month). Total March steel receipts were 414,900 tons, up 56,000 tons over February. According to the MSCI, total steel product inventories stood at 2.8 months at the end of March, down from 3.2 months the month before.
