Oct. steel shipments fall for 2d month in row

Nov 16, 2011 | 03:30 PM | Anne Riley

Tags  MSCI, steel, steel shipments, flat-rolled steel, steel bar, Anne Riley

NEW YORK — Steel shipments by North American distributors fell for the second straight month in October as U.S. service centers logged a pullback in daily volumes, according to the latest data from the Metals Service Center Institute (MSCI).

"We had a disappointing August, September and October, and sharing information with some of our competitors, it was disappointing for them too. The scraps that are being fought over—it’s unbelievable," one U.S. distributor told AMM. "I’m gathering it’s deader than a doornail again."

In October, steel shipments from distributors in the United States and Canada totaled 3.91 million tons, down 1.3 percent from 3.96 million tons the previous month. In the United States, actual shipments were down 0.7 percent to 3.38 million tons, while in Canada, shipments dropped 4.9 percent to 529,400 tons.....

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