Steel Mills
Canadian Service Center Shipments and Inventories in May
Written by Brett Linton
June 19, 2014
Canadian shipments for all steel products in the month of May were 509,700 net tons, an increase of 2.7 percent from the month before, but a decrease of 1.0 percent from May 2013. Inventories at the end of the month stood at 1,384,900 tons, down 3.3 percent from last month and down 9.0 percent from the same month one year ago. The daily average receipt rate for May was 22,097 tons (21 day month), up from 21,682 tons the month before (21 day month). Total May receipts were 6,800 tons higher than the April figure. According to the MSCI, total months on hand stood at 2.7 months.
Flat Rolled
Canadian shipments of flat rolled products for the month of May were 259,700 tons, a decrease of 2.0 percent from the month before, but an increase of 0.1 percent from the same month one year ago. Inventories at the end of the month were 701,700 tons, down 6.1 percent from last month and down 20.2 percent from the same month one year ago. The daily receipt rate for May was 10,237 tons, down from 12,914 tons the month before. Total tonnage received was 214,400 tons, down from 271,600 tons the month before. Flat rolled inventories stood at 2.7 months at the end of May.
Plate
Canadian shipments for plate products in the month of May were 96,400 tons, an increase of 13.1 percent from the month before, but a decrease of 2.6 percent from May 2013. Inventories at the end of the month were 259,700 tons, a decrease of 2.6 percent from last month, and a decrease of 0.9 percent from the same month one year ago. The daily average receipt rate for May was 4,273 tons, back up from the 1,716 tons the month before. Plate inventories stood at 2.7 months at the end of May.
Pipe and Tube
Canadian shipments for pipe and tube products in the month of May were 55,200 tons, an increase of 3.8 percent from the month before, but a decrease of 4.1 percent from the same month last year. Inventories at the end of the month were 148,200 tons, up 5.4 percent from last month, and up 12.4 percent from the same month one year ago. The daily average receipt rate for May was 2,999 tons, up from 2,729 tons the month before. Total months on hand for pipe and tube inventories stood at 2.7 months.
Brett Linton
Read more from Brett LintonLatest in Steel Mills
USS confirms split CFIUS decision on Nippon deal; it’s now up to Biden
Nippon Steel's purchase of U.S. Steel could lead to lower steel output domestically, and that presents “a national security risk," the Washington Post reported.
USS/Nippon deal: Who will have the happiest holidays?
Will Santa bring gifts for the leadership, employees, and shareholders of U.S. Steel and Nippon Steel, and lumps of coal for USW leadership and politicians opposed to the deal?
‘Orderly liquidation’ of AHMSA assets begins
A trustee has formally taken over AHMSA and begun the liquidation process of the bankrupt Mexican steelmaker.
Nippon buying stake in Canadian iron ore project
Nippon Steel and a Japanese trading company have entered an agreement to buy a 49% interest in a Champion Iron ore project in Canada.
USS anticipates Q4 loss on weak demand, BR2 start-up
Amid a challenging pricing and demand environment, and with the ongoing ramp-up of the Big River 2 mill, USS is anticipating a loss for the fourth quarter.