Canada
May 16, 2017
Canadian Service Center Shipments and Inventories in April
Written by Brett Linton
Total Canadian steel shipments for all products in April were 362,400 net tons, down 14.0 percent from March and down 2.8 percent from April 2017. On a daily rate, total shipments were 19,100 tons per day in April (19 day month), up from 18,300 tons per day in March (23 day month), and up compared to one year ago when they were 17,800 tons per day (21 day month). Total steel inventories at the end the month were 1,143,100 tons, down 1.9 percent from last month and down 10.0 percent from this time last year.
The daily average receipt rate for April was 17,921 tons per day, down from 18,039 tons per day in March. Total April steel receipts were 340,500 tons, down 74,400 tons over March. According to the MSCI, total steel product inventories stood at 3.2 months at the end of April, up from 2.8 months the month before.
