From Metals Service Center Institute, shipments in August for both steel and aluminum in the United States declined from 2014 levels. Inventory levels deteriorated only moderately for both metals in the U.S. and Canada, MSCI noted.
In August, U.S. service center steel shipments decreased by 8.9% from August 2014 levels. Steel product inventories increased 1.9% over August a year ago. At the current shipping rate, this represents an increase of 11.8% from a year ago.