NEW YORK Distributor
shipments of stainless steel products in the United States
totaled 145,600 tons in March, down 7.1 percent from 156,700
tons in the same month last year but up 1.8 percent from
Februarys 143,000 tons, according to Metals Service
Center Institute (MSCI) data.
U.S. service centers
stainless inventories stood at 419,300 tons in March,
equivalent to 2.9 months supply at current shipping
levels. Thats up 7.1 percent from 391,600 tons (2.5
months supply) in March 2012 but down 3.8 percent from
Februarys inventories of 435,700 tons (3 months
Distributors told AMM that stainless steel demand
was patchy throughout March, with many players in the market
looking to burn off inventory (
amm.com, April 5).