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Reflecting the weakened economy and lingering impact of Sandy, MSCI November shipments declined 3.4% from October. The good news is…more.
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Posts Tagged: ‘service center’
October Distributor Shipments Show Sandy-Impacted Decline; Inventories Continue to Drop
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The MSCI October report showing a meaningful decline in average daily shipments of 5.9% sequentially and 5.4% y-o-y most probably overstated the weakness in the month …more
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HRC Lead Times Move Out – CRC, HDG Contract
HRC times for the week ending October 14 climbed to 3.5 from 3.3 the week prior and 2.9 two weeks ago.
HDG lead times declined to 5.4 from 6.2 the week before, while CRC lead times dropped to a 14-week low of 5.3 from 6.0.
Sources: The Steel Index, Steel Business Briefing
HRC = Hot Rolled Coil CRC = Cold Rolled Coil HDG = Hot Dipped GalvinizedSeptember Distributor Shipments Tepid; Flat-Rolled Inventory Declines
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The MSCI September report had some good news in that overall inventories dropped some 2.2% with the bulk of the decline coming from flat-rolled, which has been the …more
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August Flat-Rolled Distributor Inventories Drop Again – Shipments Post First Y-o-Y Decline in Nearly 3 Years
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The MSCI August report held good news and bad news. Inventories for flat-rolled are continuing to decline, completely negating the view that flat-rolled pricing strength …more
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HRC, Coated Lead Times Move Up, CRC Flat
Official HRC lead times for the week ending September 9 moved to 4.1 weeks from 3.9 in the previous week with some sources reporting that lead times are even shorter.
Lead times for HDG also moved up to 6.2 from last week’s level of 6 weeks while CRC lead times remained flat week-on-week at 6.4 weeks.
Sources: The Steel Index, Steel Business Briefing
