Canada
August 15, 2017
Canadian Service Center Shipments Decline, Inventories Rise
Written by Brett Linton
Steel shipments by Canadian service centers in July totaled 346,500 net tons, down 11.7 percent from the previous month, but up 8.7 percent from July 2016, reports the Metals Service Center Institute (MSCI). On a daily basis, total shipments were 17,300 tons per day in July (a 20-day month), down from 17,800 tons per day in June (a 22-day month), but up compared to a year ago when they were 15,900 tons per day (a 20-day month). Total steel inventories at the end of the month were 1,173,800 tons, up 3.1 percent from last month and up 6.6 percent from this time last year.
The daily average receipt rate for July was 19,085 tons per day, down from 19,159 in June. Total July steel receipts were 381,700 tons, down 39,800 tons over June. According to the MSCI, total steel product inventories stood at 3.4 months at the end of July, up from 2.9 months the month before.
