According to a release Monday from the Metals Service Center Institute (MSCI),
US and Canadian steel shipments declined from 2014 levels in July. Inventory positions deteriorated across the board.
In July,
US service center steel shipments decreased by 7.0 percent from July 2014. Steel product inventories increased 5.0 percent over July a year ago.
Meanwhile, Canadian service center shipments of steel products decreased by 14.4 percent in July 2015 from July 2014. Steel product inventories increased 11.0 percent from July a year ago.