Shipments from US steel service centers decreased in December while inventories continued to decline from last year's levels by substantial percentages, according to a report today from the Metals Service Center Institute (MSCI).
In December 2016, US service center steel shipments decreased by 6.9 percent from December, 2015. Steel product inventories decreased 13.0 percent from December a year ago.
Meanwhile, Canadian service center shipments of steel products increased by 6.2 percent in December 2016 from December 2015. Steel product inventories decreased 0.4 percent from December a year ago.