According to a report today from the Metals Service Center Institute (MSCI), the rate of decline of shipments from 2015 levels slowed substantially in both the United States and Canada in May, while inventory levels improved again.
In May 2016, US service center steel shipments decreased by 2.3 percent from May 2015. Steel product inventories decreased 18.9 percent from May a year ago.
Meanwhile, Canadian service center shipments of steel products decreased by 2.1 percent from May 2015. Steel product inventories decreased 26.1 percent from May a year ago.