Canadian Service Centers Reduce Inventories

Canadian shipments of flat rolled products for the month of September were 237,500 tons, a decrease of 4.0 percent from the month before but an increase of 2.6 percent from September 2012. Inventories at the end of the month were 690,200 tons, a decrease of 8.8 percent from last month and a decrease of 22.0 percent from the same month one year ago. The daily receipt rate for September was 8,543 tons, down from 8,803 tons the month before. Total tons received were 170,500, down from 184,500 the month before. Flat rolled inventories stood at 2.9 months on both an unadjusted and seasonally-adjusted basis.

Plate

Canadian shipments for plate products in the month of September were 91,200 tons, an increase of 4.2 percent from the month before but a decrease of 5.3 percent from September 2012. Inventories at the end of the month were 237,700 tons, a decrease of 6.7 percent from last month and a decrease of 27.6 percent from the same month one year ago. The daily average receipt rate for September was 3,732 tons, up slightly from 3,725 tons the month before. Plate inventories stood at 2.6 months on both an unadjusted and seasonally-adjusted basis.

Pipe and Tube

Canadian shipments for pipe and tube products in the month of September were 53,000 tons, an increase of 2.5 percent from the month and were exactly the same as the levels in September 2012. Inventories at the end of the month were 124,700 tons, a decrease of 2.8 percent from last month and a decrease of 9.4 percent from the same month one year ago. The daily average receipt rate for September was 2,423 tons, up from 2,403 tons the month before. Pipe and tube inventories stood at 2.4 months unadjusted or 2.3 months on a SA basis.