Metals Service Center Institute has announced that steel shipments in June 2012 declined by roughly 2% YoY in the US and about 1% YoY in Canada from June 2011 levels.

US Service Center Activity
US Service Centers shipped 3,511,200 tons of steel products in June 2012. This represents a decrease of 1.9% YoY from June 2011. For YTD 2012, steel shipments were 22,089,200 tons, an increase of 5.9% YoY from the same period in 2011.

Steel product inventories were 9,020,300 tons at the end of June 2012, an increase of 13.6% YoY and a decrease of 0.7% MoM. At the current shipping rate, this represents 2.6 months of supply in inventory, an increase of 15.9% from a year ago.

Canadian Service Center Activity
Canadian Service Centers shipped 531,200 tonnes of steel products in the month of June 2012. This represents a decrease of 0.8% YoY from June 2011. For YTD 2012, steel shipments were 3,303,400 tonnes, an increase of 2% YoY.

Steel product inventories were 1,602,800 tonnes at the end of June 2012, an increase of 2.8% YoY from June a year ago and a decrease of 2.6% MoM from last month. At the current shipping rate this represents 3.0 months of supply in inventory, an increase of 3.6% from a year ago.

Founded in 1909, the Metals Service Center Institute, based in Rolling Meadows, has nearly 400 members operating from more than 1,500 locations in the US, Canada, Mexico and throughout the world.

Source - Metals Service Center Institute

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