Aluminum shipments down but pickup eyed
May 15, 2012 | 04:31 PM
| 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.....
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.