Steel Mills
Canadian Distributor Flat Rolled Shipments/Inventories in February
Written by Brett Linton
March 16, 2017
Total Canadian steel shipments for all products in February were 365,700 net tons, a decrease of 11.2 percent from the month before and a decrease of 7.8 percent from February 2017. Do keep in mind that total January shipments were at an 18 month high. Total steel inventories at the end of the month stood at 1,171,400 tons, down 0.6 percent from last month and down 3.3 percent from the same month one year ago.
The daily average receipt rate for February was 17,945 tons per day (20 day month), down from 19,971 tons per day in January (21 day month). Total February steel receipts were 358,900 tons, down 60,500 tons over January. According to the MSCI, total steel product inventories stood at 3.2 months at the end of February, up from 2.9 months the month before.
Flat Rolled
Canadian shipments of flat rolled products for the month of February were 191,300 tons, a decrease of 14.8 percent from January and a decrease of 19.0 percent from the same month one year ago. Inventories at the end of the month were 744,200 tons, up 0.2 percent from last month but down 1.4 percent from the same month one year ago. The daily receipt rate for February was 9,655 tons per day, down from 11,524 tons per day in January. Total tonnage received was 193,100 tons, down from 242,000 tons the month before. Flat rolled inventories stood at 3.9 months in February, up from 3.3 months of supply in January.
Plate
Canadian shipments for plate products in February were 71,600 tons, an increase of 1.6 percent from the previous month and an increase of 0.3 percent from February 2017. Inventories at the end of the month were 173,900 tons, down 2.4 percent from last month and down 5.5 percent from the same month one year ago. The daily average receipt rate for February was 3,365 tons per day, up from 3,305 tons per day the month before. Plate inventories ended the month at 2.4 months, down from 2.5 months the month before.
Pipe and Tube
Canadian shipments for pipe and tube products in the month of February were 49,900 tons, a decrease of 4.0 percent from the month before but an increase of 15.4 percent from the same month last year. Inventories at the end of the month were 108,800 tons, down 4.1 percent from last month and down 20.0 percent from the same month one year ago. The daily average receipt rate for February was 2,260 tons per day, up from 2,214 tons per day the month before. Total months on hand for pipe and tube inventories stood at 2.2 months, unchanged from last month.
Brett Linton
Read more from Brett LintonLatest in Steel Mills
Cliffs moves sheet prices up by $60/st, seeks $900/st HRC
Cleveland-Cliffs aims to increase sheet prices by $60 per short ton (st) and is seeking a new target base for hot-rolled coil (HRC) of $900/st. That's according to a press release circulated on Wednesday morning, March 27.
SSAB could use DOE funding to expand US operations
With the help of a large government grant, SSAB may soon expand its operations in the US – including constructing a fossil-fuel-free green ironmaking facility in Mississippi.
Iron, steel win big in Dept. of Energy’s $6B decarb initiative
The Department of Energy (DOE) announced on Monday six projects that will receive up to $1.5 billion in funding to further decarbonize the iron and steel industry.
Cliffs to use DOE grant to replace Middletown BF with DRI, EMF plant
Cleveland-Cliffs Inc. has plans to replace the blast furnace at its Middletown Works in Ohio with a direct-reduced iron (DRI) plant and two electric melting furnaces (EMFs).
CMC’s Arizona 2 micro-mill shifts focus on West Coast rebar glut
A temporary surplus of rebar on the West Coast is forcing CMC to alter the planned ramp-up of its Arizona 2 micro-mill, the company's leader said on Thursday.