Canada
November 16, 2017
Canadian Service Center Shipments, Inventories in October
Written by Brett Linton
Steel shipments by Canadian service centers in October totaled 391,700 net tons, up 9.8 percent from the previous month, and also up 9.8 percent from October 2016, reports the Metals Service Center Institute (MSCI). On a daily basis, total shipments were 18,700 tons per day in October (a 21-day month), up from 17,800 tons per day in September (a 20-day month), and up compared to a year ago when they were 17,800 tons per day (a 20-day month). Total steel inventories at the end of the month were 1,170,400 tons, up 0.6 percent from last month, and up 8.3 percent from this time last year.
The daily average receipt rate for October was 18,995 tons per day, up from 16,850 in September. Total October steel receipts were 398,900 tons, up 61,900 tons over September. According to MSCI, total steel product inventories stood at 3.0 months at the end of October, down from 3.3 months the month before.
