According to a report released Tuesday from the Metals Service Center Institute, US service center steel shipments in March 2014 increased by 7.2 percent from March 2013. Steel product inventories decreased 3.6 percent from February. At the current shipping rate, this represents 2.2 months of supply in inventory.
Meanwhile, Canadian service center shipments of steel products increased by 5.8 in March 2014 from March 2013. Steel product inventories increased 5.5 percent from February. At the current shipping rate, this represents 2.9 months of supply in inventory.