Steel service center shipments increased modestly in November, while inventories continued to decline by substantial percentages, according to a report today from the Metals Service Center Institute (MSCI).
In November 2016, US service center steel shipments increased by 3.3 percent from November 2015. Steel product inventories decreased 17.7 percent from November a year ago.
Meanwhile, Canadian service center shipments of steel products increased by 11.3 percent in November 2016 from November 2015. Steel product inventories decreased 5.7 percent from November a year ago.