The Metals Activity Report from the Metals Service Center Institute shows that shipments of steel products from Canadian metals service centers were 9.2% higher than in January a year ago.
Steel shipments from US metals centers of about 2.58 million tons were 0.9% below year ago levels. Inventories at the end of January of about 6.26 million tons were 26.2% lower than those of January 2009 and, at current shipping rates, equal to a lean, 2.4 month supply.
Shipments of steel from Canadian service centers totaled 444,400 tons during January. Canadian inventories at the end of the month of 1.18 million tons were equal to a 2.7-month supply.
The Metals Activity Report, based on data from metals service centers in the United States and Canada, is produced by the Metals Service Center Institute and a third-party econometrics and strategy firm, McCoy, Scott & Co.
Founded in 1909, the Metals Service Center Institute has more than 375 members operating from about 1,200 locations in the US, Canada, Mexico, and elsewhere in the world.
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