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15 Jun
01:00

May shipments fall, stocks climb at North American service centres

Steel product shipments from US and Canadian service centres during the month of May were down considerably from year-ago levels, Kallanish learns from the latest Metals Service Center Institute (MSCI) report. MSCI reports that steel shipments were off 12.6% in May, while inventories increase 11% year-on-year. At current shipment rates, end-of-May inventories represented 2.8-months of supply. In Canada, steel shipments were down 14.7% from May 2014. A…
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