Canada
March 20, 2018
Canadian Service Center Shipments Up in February
Written by Brett Linton
Steel shipments by Canadian service centers in February totaled 383,300 net tons, down 6.5 percent from January’s high, but up 4.8 percent from February 2017, reports the Metals Service Center Institute (MSCI). On a daily basis, total shipments were 19,200 tons per day in February (a 20-day month), up from 18,600 tons per day in January (a 22-day month), and up compared to a year ago when they were 18,300 tons per day (a 20-day month). Total steel inventories at the end of the month were 1,148,800 tons, down 0.5 percent from last month, and down 1.9 percent from this time last year.
The daily average receipt rate for February was 18,905 tons per day, down from 19,532 in January. Total February steel receipts were 378,100 tons, down 51,600 tons over January. According to MSCI, total steel product inventories in Canada stood at 3.0 months at the end of February, up from 2.8 months in January.
