Steel Mills
Canadian Service Center Shipments and Inventory in January
Written by Brett Linton
February 18, 2014
Canadian service center shipments for all steel products were reported at 495,300 net tons (NT) in January, up 42.0 percent over December 2013 shipments but down 5.2 percent from January 2013 figures.
With 22 shipping days in January, daily shipments are calculated to have been 22,500 tons per day, up from 17,400 tons per day the previous month. Inventory grew in January to 1,410,300 NT, up 3.3 percent from the previous month but down 20.5 percent from January 2013 tonnage. Total steel receipts rose month-over-month to 540,700 NT, with an average daily receipt rate of 24,482 NT, up from 22,845 NT the previous month.
Flat Rolled
Flat rolled shipments were reported at 258,400 NT in January, up 41.7 percent over December shipments but down 3.5 percent from January 2013 figures. Daily shipments were calculated at 11,700 tons per day, up from 9,100 tons per day the previous month. Inventory grew in January to 756,900 NT, up 4.7 percent from the previous month but down 31.2 percent from January 2013 tonnage. Flat rolled receipts increased to 292,600 NT, with an average daily receipt rate of 13,249 NT, up from 13,085 NT the previous month.
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.