The August increase in steel shipments from service centers was short lived as steel shipments in September 2016 declined in both the United States and Canada, according to a report today from the Metals Service Center Institute (MSCI).
US service center steel shipments decreased in September by 6.6 percent from September 2015. Steel product inventories decreased 17.2 percent from September a year ago.
Meanwhile, Canadian service center shipments of steel products decreased by 8.5 percent from September 2015. Steel product inventories decreased 15.6 percent from September a year ago.