November metals momentum continues in U.S.
From Metals Service Center Institute, November shipments increased at high rates for steel and aluminum in the U.S., but declined for aluminum products and stayed flat for steel in Canada.
MSCI reports U.S. service center steel shipments in November increased 6.8% from November 2016. Steel product inventories increased 7.9% from November a year ago.
U.S. service center shipments of aluminum products in November increased by 12% from the same timeframe in 2016, MSCI reports. Inventories of aluminum products increased 3.4% from November 2016.
Canadian service center shipments of steel products in November 2017 increased by 0.2% from November 2016, MSCI reports. Steel product inventories increased 4.3% from November a year ago.
Canadian service center aluminum shipments in November decreased 4.2% from the same month in 2016. Inventories of aluminum products increased 1.3% from November a year ago.