25 JUNE 2012Steel Guru
Aluminum shipment picks up in US and Canada in May
Edited by : AL CIRCLE
2 min read
Growth in May shipments of aluminum accelerated in both the US and Canada, an improvement from the smaller growth levels shown in April. Inventory positions improved slightly in both countries.
US Service Center Activity:
136,100 tonnes of aluminum products were shipped by US Service Centers in May, an increase of 6.8% from the same month in 2011. For 2012 year to date, aluminum shipments were 664,200 tonnes an increase of 5.6% from the same period in 2011. Inventories of Aluminum products were 385,700 tonnes at the end of May 2012 an increase of 6.3% over May a year ago and an increase of 2.3% from last month. At the current shipping rate this represents 2.8 months of supply in inventory.
Canadian Service Center Activity;
14,600 tonnes of aluminum products were shipped by Canadian Service Centers in May an increase of 17.2% from the same month in 2011. Year to date, aluminum shipments were 69,800 tonnes an increase of 14.2% from the same period in 2011. Inventories of Aluminum products were 36,200 tonnes at the end of May, 2012, an increase of 18.4% from May a year ago and an increase of 2.6% from last month. At the current shipping rate, this represents 2.5 months of supply in inventory, an increase of 1.1% from a year ago.
US Service Center Activity:
136,100 tonnes of aluminum products were shipped by US Service Centers in May, an increase of 6.8% from the same month in 2011. For 2012 year to date, aluminum shipments were 664,200 tonnes an increase of 5.6% from the same period in 2011. Inventories of Aluminum products were 385,700 tonnes at the end of May 2012 an increase of 6.3% over May a year ago and an increase of 2.3% from last month. At the current shipping rate this represents 2.8 months of supply in inventory.
Canadian Service Center Activity;
14,600 tonnes of aluminum products were shipped by Canadian Service Centers in May an increase of 17.2% from the same month in 2011. Year to date, aluminum shipments were 69,800 tonnes an increase of 14.2% from the same period in 2011. Inventories of Aluminum products were 36,200 tonnes at the end of May, 2012, an increase of 18.4% from May a year ago and an increase of 2.6% from last month. At the current shipping rate, this represents 2.5 months of supply in inventory, an increase of 1.1% from a year ago.
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