Metal stocks steady as shipments, orders drop
Aug 24, 2012 | 03:14 PM
| Corinna Petry
Tags
Metal producers,
fabricators,
shipments,
new orders,
inventories,
durable goods,
motor vehicles,
aircraft
turbines
CHICAGO — U.S. metal shipments and new orders declined in July compared with the previous month, but inventories changed only marginally, according to non-seasonally-adjusted Census Bureau data released Friday.
Primary metal producers’ shipments were valued at nearly $27.55 billion last month, down 5.9 percent from June, while new orders totaling $26.8 billion were 2.5 percent lower. But year-to-date shipments were up 19.1 percent compared with the first seven months of last year, while new orders were 17.1 percent higher.....
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