January 2012 service center shipments continued to grow on YoY basis in both the US and Canada. In the US, steel shipments grew at 9.0% and growth in aluminum shipments was just over 10% In Canada steel shipments were up almost 3.0% year over year and aluminum shipments grew by over 16% from January 2011.
US Service Center Activity;
133.6 thousand tons of aluminum products were shipped by US Service Centers in January an increase of 10.1% from the same month in 2011. Inventories of Aluminum products were 374.3 thousand tons at the end of January 2012, an increase of 6.1% over January a year ago. At the current shipping rate this represents 2.8 months supply in inventory.
Canadian Service Center Activity;
14.0 thousand tonnes of aluminum products were shipped by Canadian Service Centers in January an increase of 16.3% from the same month in 2011. Inventories of Aluminum products were 34.1 thousand tons at the end of January 2012, an increase of 8.2% from January a year ago. At the current shipping rate, this represents 2.4 months supply in inventory.
Founded in 1909, the Metals Service Center Institute based in Rolling Meadows, IL has nearly 400 members operating from more than 1,500 locations in the US, Canada, Mexico and throughout the world.
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