Canada
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.
