NEW YORK Copper and brass shipments rose 13.2 percent month on month in October but were flat year on year, according to the Copper and Brass Servicenter Association (CBSA).
Shipments for the first 10 months of the year fell slightly from a year earlier to 224.8 million pounds, Overland Park, Kan.-based CBSA said.
October alloy shipments totaled 11.9 million pounds, up 11.9 percent from the previous month and 4.3 percent higher year on year. Copper shipments for the month reached 10.1 million pounds, up 14.7 percent from September but down 3.4 percent from October 2011.
The largest month-on-month increases were in 200-series brass plate (up 67.3 percent to 92,000 pounds), alloy pipe (up 33.7 percent to 635,000 pounds) and copper plate (up 27 percent to 498,000 pounds).
Half of all suppliers surveyed said their average lead times were shorter than three months ago, and 40 percent said lead times were just as long. A majority of service centers said lead times were unchanged from three months ago.
More than half of the service centers forecast incoming orders over the next three months would be flat vs. the past three months, while nearly a third said incoming orders would be down. Service centers, on average, said order volumes would be flat over the next three months.
Most survey respondents said customers were as prompt in paying fees as they were in the preceding three months, and a majority of service centers and less than half of their suppliers said workers were no longer on short time or layoff.