According to a report Monday from the Metals Service Center Institute (MSCI), the rate of decline of steel service center shipments from 2015 levels accelerated again in both the United States and Canada in June while inventory levels remain fairly flat.
In June 2016, US service center steel shipments decreased by 5.1 percent from June 2015. Steel product inventories decreased 16.5 percent from June a year ago.
Meanwhile, in June 2016, Canadian service center shipments of steel products decreased by 14.4 percent from June 2015. Steel product inventories decreased 26.0 percent from June a year ago.