Steel Mills
Canadian Service Center Shipments Improve by 4% During August
Written by Brett Linton
September 17, 2013
Canadian shipments for all steel products in the month of August were 478,700 net tons, an increase of 4.2 percent from the month before but a decrease of 6.8 percent from August 2012. Inventories at the end of the month stood at 1,388,800 tons, a decrease of 5.0 percent from last month and a decrease of 14.4 percent from the same month one year ago. The daily average receipt rate for August was 19,285 tons (21 day month), down from 19,895 tons the month before (22 day month). August receipts were 32,400 tons lower than July totals. According to the MSCI, total months on hand stood at 2.9 months on both an unadjusted and seasonally-adjusted basis.
Flat Rolled
Canadian shipments of flat rolled products for the month of August were 247,300 tons, an increase of 4.3 percent from the month before but a decrease of 3.3 percent from August 2012. Inventories at the end month were 757,200 tons, a decrease of 7.7 percent from last month and a decrease of 13.8 percent from the same month one year ago. The daily receipt rate for August was 8,803 tons, down from 9,070 tons the month before. Total tons received were 184,500, down from 199,200 the month before. Flat rolled inventories stood at 3.1 months on both an unadjusted and seasonally-adjusted basis.
Plate
Canadian shipments for plate products in the month of August were 87,500 tons, an increase of 0.6 percent from the month before but a decrease of 11.7 percent from August 2012. Inventories at the month were 254,900 tons, a decrease of 3.7 percent from last month and a decrease of 20.1 percent from the same month one year ago. The daily average receipt rate for August was 3,725 tons, down from 4,657 tons the month before. Plate inventories stood at 2.9 months unadjusted or 2.8 months on a SA basis.
Pipe and Tube
Canadian shipments for pipe and tube products in the month of August were 51,700 tons, an increase of 3.6 percent from the month before but a decrease of 11.6 percent from August 2012. Inventories at the end of the month were 128,300 tons, a decrease of 1.5 percent from last month and a decrease of 7.6 percent from the same month one year ago. The daily average receipt rate for August was 2,403 tons, up from 2,240 tons the month before. Pipe and tube inventories stood at 2.5 months on both an unadjusted and seasonally-adjusted basis.
Brett Linton
Read more from Brett LintonLatest in Steel Mills
American mills urge Trump to maintain no exceptions on steel tariffs
"We urge you to resist any requests for exceptions or exclusions and to continue standing strong on behalf of American steel," the companies wrote.
Cliffs CEO touts employee cash bonus for buying US-made vehicles
Cleveland-Cliffs Inc. has introduced a new employee incentive program to promote American-made vehicles, support domestic production, and strengthen US supply chains.
Auction of AHMSA assets is next step in bankruptcy proceedings
An inventory valuation of the assets of Altos Hornos de Mexico SA (AHMSA) has been completed. Local reports suggest an auction for the assets of the bankrupt steel company could come as soon as the end of this month.
US mills increase shipments in January
AISI reported a 4.1% rise in US steel mill shipments from December to January.
Reports: Algoma Steel halts US shipments, plans layoffs in wake of tariff war
Facing an uncertain tariff trade war, Algoma Steel took action this week, halting steel shipments to the US, laying off employees, and prepping for an unknown future, according to local media reports.