Aluminum shipments down but pickup eyed
May 15, 2012 | 04:31 PM
| Suzy Waite
Tags
Metals Service Center Institute,
MSCI,
aluminum,
service centers,
aerospace,
automotive,
Suzy Waite
NEW YORK — Aluminum shipments by service centers in the United States and Canada were down in April compared to each of the previous three months, but distributors say they nonetheless remain optimistic about the rest of the quarter.
U.S. service centers shipped 129,000 tons of aluminum products last month, down 4.8 percent from 135,500 tons shipped in March but up 2.5 percent from 125,900 tons shipped in April 2011, according to Metals Service Center Institute (MSCI) data. With shipments down, inventories were on the rise, totaling 376,900 tons, or 2.9 months’ supply at current shipping rates, at the end of April compared with 374,100 tons, or 2.8 months’ supply, in March and 362,200 tons, or 2.9 months’ supply, the previous year.....
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