January sales uneven at steel service centers
Jan 16, 2013 | 05:11 PM
| Corinna Petry
Tags
Steel,
service centers,
shipments,
inventories,
Metals Service Center Institute,
order rates,
automotive,
heavy truck
mill lead times
CHICAGO — North American steel shipments took a sharp dip in December, and soft sales have continued into January for nearly every sector except automotive, keeping lead times short and quelling any expectation of a price run-up, market participants said.
Steel shipments by U.S. distributors totaled 2.5 million tons in December, down 18.1 percent from November’s totals and off nearly 28 percent compared with October’s volumes, according to data from the Metals Service Center Institute (MSCI). Canadian service centers also logged a significant reduction in volumes, shipping 338,600 tons last month, down 31.6 percent month on month and off some 35.3 percent compared with the first month of the fourth quarter.....
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