Aluminum shipments spark cautious tone
Aug 15, 2013 | 05:54 PM
| Michael Cowden
CHICAGO Positive aluminum shipment data in July has given confidence to North American service centers hoping for a strong finish to the year, although slow activity so far this month has some worrying whether predictions for a better second half remain on good foundations.
July was the first month this year that aluminum shipments by U.S. service centers were above the corresponding month in 2012, according to data from the Metals Service Center Institute (MSCI) released Aug. 15.
U.S. service centers shipped 128,600 tons of aluminum products in July, up 5.7 percent from 121,700 tons a year earlier, and inventories fell 5.2 percent to 367,400 tons (2.9 months supply at current shipping rates) from 387,600 tons (3.2 months supply) in the same comparison. Year-to-date shipments of 867,600 tons remained 5.2 percent below 914,700 tons in the first seven months of last year. ....
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