NEW YORK Copper and brass
shipments from service centers fell 8.6 percent month on month
in November to 20.5 million pounds, according to the Copper and
Brass Servicenter Association (CBSA).
Shipments for the first 11
months of 2012 dipped slightly to 244.8 million pounds from
245.9 million pounds in the same 2011 period.
November alloy shipments totaled
10.8 million pounds, down 11.5 percent from the previous month,
while copper shipments fell 5.2 percent to 9.8 million
Meanwhile, 200-series brass
sheet shipments fell 11.7 percent in the same comparison to 3.8
million pounds, and 300-series rod and bar dropped 9.8 percent
to 4.7 million pounds.
Copper sheet shipments fell 5.2
percent to 3.9 million pounds, while copper rod shipments
dropped 5.3 percent to 5.1 million pounds, according to the
Overland Park, Kan.-based organization.
Service center suppliers expect
incoming orders to increase over the next three months, with 83
percent of respondents polled predicting a rise, while 41
percent of service center sources also see a pickup.
A majority of service center
sources (78 percent) said that they no longer had workers on
short time or layoff, while 57 percent of suppliers reported
the same trend.
An increasing number of
suppliers said inventory levels fell in November, the CBSA