Steel Mills
Canadian Service Center Shipments Up 14.5 Percent
Written by Brett Linton
June 17, 2017
Steel shipments by Canadian service centers in May totaled 415,000 net tons, up 14.5 percent from the previous month and up 6.8 percent from May 2016, reports the Metals Service Center Institute. On a daily rate basis, total shipments were 18,900 tons per day in May (a 22-day month), down from 19,100 tons per day in April (a 19-day month), but up compared to a year ago when they were 18,500 tons per day (in a 21-day month). Total steel inventories at the end of the month were 1,109,700 tons, down 2.9 percent from last month and down 3.5 percent from this time last year.
The daily average receipt rate for May was 17,345 tons per day, down from 17,921 tons per day in April. Total May steel receipts were 381,600 tons, up 41,100 tons over April. According to the MSCI, total steel product inventories stood at 2.7 months at the end of May, down from 3.2 months the month before.
Flat Rolled
Canadian shipments of flat rolled products for the month of May were 220,700 tons, up 13.6 percent from April but down 4.9 percent from the same month one year ago. Daily shipments decreased from 10,200 tons per day in April to 10,000 tons per day this month, and were down from one year ago when they were 11,100 tons per day. Inventories at the end of the month were 662,800 tons, down 6.4 percent from last month and down 1.9 percent from the same month one year ago. The daily receipt rate for May was 7,959 tons per day, down from 8,858 tons per day in April. Total tonnage received was 175,100 tons, down from 168,300 tons the month before. Flat rolled inventories stood at 3.0 months in May, down from 3.6 months of supply in April.
Plate
Canadian shipments of plate products in May were 77,500 tons, an increase of 19.0 percent from the previous month and an increase of 7.7 percent from May 2016. Daily shipments increased from 3,400 tons per day last month to 3,500 tons per day in May. Inventories at the end of the month were 163,900 tons, up 1.5 percent from last month but down 17.1 percent from the same month one year ago. The daily average receipt rate for May was 3,636 tons per day, up from 3,258 tons per day the month before. Plate inventories ended the month at 2.1 months, down from 2.5 months the month before.
Pipe and Tube
Canadian shipments of pipe and tube products in May were 55,300 tons, an increase of 7.6 percent from the month before and an increase of 32.5 percent from the same month last year. Daily shipments fell from 2,700 tons per day in April to 2,500 tons per day in May. Inventories at the end of the month were 116,900 tons, up 3.6 percent from last month but down 8.7 percent from the same month one year ago. The daily average receipt rate for May was 2,700 tons per day, down from 2,826 tons per day the month before. Total months on hand for pipe and tube inventories stood at 2.1 months, down from 2.2 months in April.
Brett Linton
Read more from Brett LintonLatest in Steel Mills
USS, Nippon merger delayed by DOJ antitrust review
The sale of U.S. Steel Corp. to Nippon Steel Corp. has been delayed by the US Department of Justice’s antitrust investigation. The Justice Department, which is conducting an antitrust review of the merger, has requested additional information from both USS and NSC. The companies originally anticipated closing the sale in the second or third quarter […]
U.S. Steel Q1 earnings slip, BRS expansions proceed
U.S. Steel posted slightly lower Q1’24 earnings as stronger earnings from its sheet mills were partially offset by a weaker performance from it tubular division. All told, the Pittsburgh-based steelmaker reported Q1’24 earnings of $171 million. That's down 14.1% from $199 million in Q1’23 on sales that fell 6.9% to $4.16 billion in the same comparison.
ArcelorMittal says Calvert CR outage over, floats buying Nippon’s stake in JV
ArcelorMittal posted a narrower Q1’24 profit compared to Q1’23 but remained optimistic about steel's long-term demand prospects.
SMU Community Chat: Hybar’s ambitious plans as newest player in rebar
Hybar has big plans for entering the American steel market. Although it is the newest player in the US rebar market, the startup is led by an experienced, nimble, and ambitious team, and backed by investors with deep pockets. Industry titan and Hybar CEO David Stickler joined SMU Managing Editor Michael Cowden on Wednesday’s Community Chat to update the SMU community on the company’s first mill, and its grand plans for the future.
Nucor drops weekly HR coil price by $10/ton
Nucor lowered its weekly base spot price for hot-rolled (HR) coil by $10 per short ton (st) this week.