Oct. steel shipments fall for 2d month in row
Nov 16, 2011 | 03:30 PM
| 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 overits unbelievable," one U.S. distributor told AMM. "Im gathering its 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.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.