Canada
December 17, 2017
Canadian Service Center Shipments, Inventories in November
Written by Brett Linton
Steel shipments by Canadian service centers in November totaled 398,900 net tons, up 1.8 percent from the previous month, and up 0.2 percent from November 2016, reports the Metals Service Center Institute (MSCI). On a daily basis, total shipments were 19,000 tons per day in November (a 21-day month), up from 18,700 tons per day in October (a 21-day month), and unchanged compared to a year ago when they were also 19,000 tons per day (a 21-day month). Total steel inventories at the end of the month were 1,134,500 tons, down 3.1 percent from last month, but up 4.3 percent from this time last year.
The daily average receipt rate for November was 17,286 tons per day, down from 18,995 in October. Total November steel receipts were 363,000 tons, down 35,900 tons over October. According to MSCI, total steel product inventories stood at 2.8 months at the end of November, down from 3.0 months the month before.
