US, Canada steel shipments drop in November

Dec 16, 2013 | 03:17 PM | Corinna Petry

Tags  Metals Service Center Institute, MSCI, steel shipments, steel inventories, Corinna Petry

CHICAGO — As service centers close out the year’s steel purchases and contemplate demand for the first quarter of 2014, a few say they are building inventory ahead of both higher orders and price increases while most others are staying the course and keeping inventories low.

Service center steel shipments in November saw month-on-month declines of 19.1 percent to just under 3.07 million tons in the United States and 11.1 percent to 473,000 tons in Canada, according to the latest data from the Metals Service Center Institute.....

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