NEW YORK U.S.
stainless steel shipments rose 6.4 percent year on year in
September, according to Metals Service Center Institute (MSCI)
shipments totaled 144,500 tons in September, up from
135,800 tons in the same month last year. Seasonally adjusted,
monthly shipments rose 2.5 percent year on year, the largest
monthly increase so far in 2013.
steel shipments were down 0.3 percent at 1.345 million
Some service centers
questioned whether the market has truly improved, given that
the data is up from a low starting base in 2012.
"I wouldnt put
much credence in the 6-percent increase, because thats up
from really bad figures last year," one service center source
said. "Some companies are doing really well, but look at all
the layouts. Theres overcapacity in stainless."
"Up 6.4 percent from a
bad year is not much to brag about," a second service center
source said. "This is getting into the time of year when it
typically slows back down. Maybe it is part of a good start for
next year, I dont know."
Canadian shipments for September were up 0.2 percent from
the same month last year, the first year-on-year increase since
April. Seasonally adjusted, however, monthly shipments were
down 2.9 percent from September 2012. Year-to-date shipments of
119,100 tons were down 8 percent from the same period last