Metal Center News

JAN 2018

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Page 44 of 48

Association News 44 ❘ Metal Center News — January 2018 October. At November shipping rates, that represents 2.4 months of supply, which is equal to November 2016. U.S. service centers shipped 132,000 tons of aluminum products during the month, a 12 percent increase from the year-ago period, but 8.5 percent lower than October. Through November, full- year shipments of 1.5 million tons were up 8.2 percent from last year. U.S. service center inventories of aluminum products totaled 392,200 tons in November, an increase of 3.4 per- cent year over year, but down 3.6 per- cent from the previous month. At No- vember shipping rates, that represents 3.0 months of supply, down from 3.2 months in the year-ago period. Canadian service center activity Canadian service centers shipped 398,900 tons of steel products during the month, up just 0.2 percent from Novem- ber 2016 and 1.8 percent from October. Year-to-date shipments increased 3.1 percent year over year to 4.3 million tons. Service center steel inventories in Canada totaled 1.1 million tons at the end of the month, a 4.3 percent increase from last year, but 3.1 percent lower than the prior month. At November shipping rates, that represents 2.8 months of sup- ply, up from 2.7 months last year. Canadian service centers shipped 10,500 tons of aluminum products in November, down 4.2 percent from the same month last year and 0.9 percent from October. Year-to-date aluminum shipments were down 0.6 percent year over year to 114,200 tons. Canadian inventories of aluminum products totaled 31,300 tons at the end of the month, up 1.3 percent from last November and 2 percent from October. At November shipping rates, that repre- sented 3.0 months of supply, up from 2.8 months last November. AISI October Steel Shipments Up 12.8 Percent U.S. steel mills shipped 7.7 million net tons of steel in October, reports the American Iron and Steel Institute. Octo- ber steel shipments were up 12.8 percent from the same month last year and 2 per- cent from September. Shipments of hot-dipped galvanized sheets and strip were up 6 percent, while shipments of cold-rolled and hot-rolled sheets were down 2 percent and 5 per- cent, respectively. Through October, the U.S. has shipped 76.1 million net tons of steel this year, a 4.8 percent increase over the first 10 months of 2016. WSA Global Steel Production Increases in November Global crude steel production in- creased 3.7 percent in November com- pared with the same month in 2016, reports the Brussels-based World Steel Association. Through the first 11 months of 2017, global production of 1.54 bil- lion tons was up 5.4 percent, compared with 2016. The crude steel capacity utilization rate of the 66 countries was 70.7 per- cent in November, 1.5 percentage points higher than the same month last year. Compared with the prior month, utiliza- tion was 2.2 percentage points lower. Production in the United States totaled 6.7 million tons in November, an 8.5 percent increase over Novem- ber 2016. For the year to date, U.S. pro- duction was up 4.1 percent to 74.9 mil- lion tons. Canadian production increased 32 percent to 1.3 million tons in Novem- ber and was up 8.4 percent for the full year to 12.6 million tons. Mexican pro- duction declined 3.1 percent during the month to 1.6 million tons, but remained up 5.5 percent for the year to date at 18.3 million tons. China's crude steel production in November totaled 66.2 million tons, an increase of 2.2 percent over the same month in 2016. Japanese production increased 1 percent to 8.7 million tons, and South Korean production declined 0.9 percent to 5.7 million tons. In the EU, Italy's crude steel produc- tion was 2.2 million tons, an increase of 3.3 percent. Production in France fell 8.7 percent to 1.2 million tons. Turkey's crude steel production in Jan. 16-18: American Metal Market Mexican Steel Forum, InterContinental Presidente Cancun, Mexico. Registration: Jan. 24-25: Steel Market Up- date Steel 101, Hilton Garden Inn Mobile West, Mobile, Ala. Registra- tion: Jan. 30-Feb. 1: National Asso- ciation of Wholesaler-Distributors Executive Summit, The Fairmont, Washington. Registration: Make A Date Feb. 15-17: National Associa- tion of Steel Pipe Distributors Annual Convention, Westin Galleria, Houston. Registration: Feb. 20-21: Metals Service Center Institute Carbon Confer- ence, Sheraton Grand at Wild Horse Pass, Chandler, Ariz. Registration: Feb. 20-21: Tampa Steel Conference, Tampa Marriott Waterside. Registration:

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