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    July 18, 2017

    Canadian Service Center Shipments Decline, Inventories Rise

    Written by Brett Linton

    Steel shipments by Canadian service centers in June totaled 392,600 net tons, down 5.4 percent from the previous month, but up 5.0 percent from June 2016, reports the Metals Service Center Institute (MSCI). On a daily basis, total shipments were 17,800 tons per day in June (a 22-day month), down from 18,900 tons per day in May (also a 22-day month), but up compared to a year ago when they were 17,000 tons per day (in a 22-day month). Total steel inventories at the end of the month were 1,138,600 tons, up 2.6 percent from last month and up 1.6 percent from this time last year.

    The daily average receipt rate for June was 19,159 tons per day, up from 17,345 in May. Total June steel receipts were 421,500 tons, up 39,900 tons over May. According to the MSCI, total steel product inventories stood at 2.9 months at the end of June, up from 2.7 months the month before.

    Brett Linton

    Brett Linton is a digital operations analyst for Steel Market Update, where he began his career. Linton has been in the steel industry since 2010. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. He is a graduate of The University of North Georgia with a degree in Finance and Accounting. Brett can be reached at brett@steelmarketupdate.com or 724-314-0179.

    Read more from Brett Linton

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