U.S. Service Center Shipments

U.S. Service Center Shipments:  On a three month moving average, (3MMA) basis, January total carbon steel shipments averaged 149,600 tons per day, compared to 146,100 tons per day in January 2019 (0.2% year on year, YoY). Overall carbon steel inventory is down 8.1% YoY.

Figure 1 shows percentage change results for shipments, daily intake and inventory level. In all cases the percentage change references 3MMA y/y. 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 YoY (3MMA).  All carbon products reported a increase of 3.7%. Structurals, (> or = 3 inch) 3MMA y/y intake decreased by 2.6% y/y. Bar and Shapes y/y intake fell 12.3%. Plate recorded a decline of 16.3% y/y. Carbon Pipe & Tube 3MMA y/y intake increased by 8.0% y/y.

Service Center shipments were also down across the board. All carbon products reported a decrease of 2.5%. Structurals, (> or = 3 inch) 3MMA y/y shipments decreased by 1.1% y/y. Bar and Shapes y/y shipments fell 15.3%. Plate recorded a decline of 15.3% y/y. Carbon Pipe & Tube 3MMA y/y shipments decreased by 7.7% y/y.

Overall inventory levels decreased in all product lines y/y except Structurals, (> or = 3 inch) at 6.6% y/y. All carbon products decreased inventory by 14.0% y/y, Carbon Plate decreased 19.3% y/y, Bar and shapes inventory was down slightly at 21.6% y/y, Carbon pipe and tube was down 9.6% y/y and Carbon sheet declined by 13.5%.

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.

Subscribe

To subscribe to the Market Update emails, please fill the form below.