MSCI Shipments (US)
Service Center Shipments: On a three-month moving average basis, June 2020 total carbon steel shipments averaged 112,500 tons per day, compared to 103,900 tons per day in May 2020. Overall carbon steel inventory is down 6.0% YoY.
Figure 1 shows percentage change results for shipments, daily intake, and inventory level. In all cases the percentage change references 3MMA YoY. For shipments and inventory, three columns of data are listed offering 12, 24- and 36-month changes.
All product groups posted a decrease in daily intake 3MMA YoY. All carbon products reported a decrease of 28.5%. Structurals (≥3 inch) 3MMA YoY intake decreased by 18.7% YoY. Bar and shapes YoY intake fell 25.4%. Plates recorded a decline of 24.1% YoY. Carbon pipe & tube intake decreased by 4.2% YoY.
Overall inventory levels decreased in all product lines YoY. All carbon products decreased inventory by 7.3% YoY; carbon plate decreased 20.0% YoY, bar and shapes inventory was down 20.3% YoY, carbon pipe and tube was down 14.4% YoY, carbon sheet was down 1.9% YoY, and structurals (≥3 inch) declined by 16.8%.
At Gerdau we scrutinize the MSCI release every month searching for clues on the industry’s performance. It’s important to us as a significant supplier of long steel products to our service center customers. It’s equally important to keep our steel consuming consumers informed.