Steel service centers in US show decline in shipments in November
According to a report Monday from the Metals Service Center Institute, steel service center shipments declined from 2014 levels in November in the United States and Canada at somewhat slower rates than October. Inventory positions deteriorated again for both countries.
In November 2015, US service center steel shipments decreased by 8.1 percent from November 2014. Steel product inventories decreased 7.0 percent from November a year ago.
Meanwhile, Canadian service center shipments of steel products decreased by 11.3 percent in November from the same month a year ago. Steel product inventories decreased 19.1 percent year-on-year.