U.S. Steel Service Center Inventories Hit Bottom, Slowly Bouncing Back

Thursday, March 16, 2017 8:47 PM Written by 
Published in MSCI

Steel service centers in the United States have seen inventories reach a bottom after years of decline and appear to be slowly bouncing back (see graphic below). This appears to be true for all steel products combined as well as flat rolled, plate, and pipe & tube segments.

During the month of February 2017, U.S. steel service centers shipped a total of 3,126,500 tons of all steel products. This is 1.7 percent below last February and has to be considered a disappointment after the 9.4 percent growth seen the prior month.

Distributors shipped 156,300 tons per day which is much better than the 151,400 tons per day reported by the Metal Service Center Institute (MSCI) last year.

ALREADY A SMU MEMBER? SIGN IN BELOW: {loadposition ose_membership} *Note: If you see your subscription information above, please renew or upgrade your membership to read the full article.

John Packard

John Packard is the President and Publisher of Steel Market Update. Since 1977, he has been an active participant in the flat rolled steel business in North America. His background provides the unique flavor and quality of Steel Market Update. John has held positions in the service center, steel mill and trading company segments of the flat rolled steel industry. John founded Steel Market Update, Inc. in August 2008. John can be reached via email at: John@SteelMarketUpdate.com or by phone: 800-432-3475.

Website: www.SteelMarketUpdate.com
You must be logged in to post a comment.