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.
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