Aluminum shipments slow as caution reigns

Mar 18, 2013 | 03:23 PM | Michael Cowden

Tags  Metals Service Center Institute, MSCI, shipments, inventories, United States, Canada, aerospace, defense chemical

CHICAGO — Aluminum product shipments from service centers in the United States and Canada fell in February compared to the same month last year, leaving market participants debating whether the pullback represents a short-term blip or something more.

U.S. service centers shipped 114,300 tons of aluminum products last month, down 9.4 percent from the 126,100 tons shipped in January and off 12.1 percent from the 130,000 tons shipped in February 2012, according to Metals Service Center Institute (MSCI) data. The U.S. industry has shipped 240,400 tons of aluminum in the first two months of 2013, off 8.8 percent compared with the same period last year. ....

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