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Stainless steel shipments at 145,600 tons in March

Keywords: Tags  stainless shipments, Metals Service Center Institute, MSCI, stainless demand, stainless inventories, stainless steel, stainless, Daniel Fitzgerald

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 February’s 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. That’s up 7.1 percent from 391,600 tons (2.5 months’ supply) in March 2012 but down 3.8 percent from February’s inventories of 435,700 tons (3 months’ supply).

Distributors told AMM that stainless steel demand was patchy throughout March, with many players in the market looking to burn off inventory (, April 5).

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