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    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.

    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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