According to a report Tuesday from the Metals Service Center Institute, US service center steel shipments decreased by 1.4 percent in February 2015 from February 2014. Steel product inventories increased 15.1 percent over February a year ago.
Meanwhile, Canadian service center shipments of steel products decreased by 5.6 percent in February 2015 from February 2014. Steel product inventories increased 21.0 percent from February a year ago.