Primary, fabricated metal shipments rise in May

Jun 28, 2012 | 12:56 PM | Corinna Petry

Tags  metal shipments, new orders, inventories, durable goods, machinery, aircraft, IHS Global Insight, Paul Edelstein Corinna Petry

CHICAGO — Primary and fabricated metal shipments improved in May after falling in April, and while new orders from primary metals producers fell slightly, both shipments and new orders posted strong year-on-year growth.

The value of primary metal producers’ shipments rose 3 percent to $30.3 billion in May, not seasonally adjusted, but the nearly $29 billion in new orders fell 1.4 percent from the prior month, according to Census Bureau data.....

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