CHICAGO U.S. service centers saw both aluminum shipments and inventories decline in April from the same month a year ago, while Canadian distributors watched both rise in the same comparison, Metals Service Center Institute (MSCI) data show.
U.S. service centers shipped 127,500 tons of aluminum products in April, down 1.2 percent from 129,000 tons in April 2012, while inventories fell to 367,100 tons (3.1 months supply, seasonally adjusted) from 376,900 tons (3 months supply), according to MSCI data.
For the first four months of the year, U.S. service centers shipped 484,800 tons, down 8.2 percent from 528,100 tons in the comparable year-ago period.
Meanwhile, Canadian service centers shipped 14,100 tons of aluminum products in April, up 5.2 percent from 13,400 tons in the same month last year, while inventories jumped 5.1 percent to 37,100 tons (2.8 months supply) from 35,300 tons (2.6 months supply).
However, in the first four months of the year, Canadian service centers experienced a drop in shipments to 52,500 tons, off 4.9 percent from 55,200 tons in the same year-ago period.