According to a report today from the Metals Service Center Institute (MSCI), February steel service center shipments decreased substantially in Canada and were down only slightly in the United States.
In February 2017, US service center steel shipments decreased by 1.7 percent from February 2016. Steel product inventories decreased 6.4 percent from February a year ago.
Meanwhile, Canadian service center shipments of steel products decreased in February by 7.8 percent compared to February 2016. Steel product inventories decreased 3.3 percent from February a year ago.