The volume increase both steel and aluminum in March reported by service centers across North America represent a notable reversal of the mostly lackluster results for service centers during January and February.
The Metals Service Center Institute, which reports the shipment and inventory results in its Monthly Activity Report, stated that “shipment growth returned to healthy levels for steel and aluminum in both the United States and Canada.”
Shipments of steel by U.S. service centers rose 8.7% from February to March, up to 3.68 million metric tons, the equivalent of 175,000 tons/day. The total is 7.2% higher than the March 2013 shipment total, and it brings the 2014 cumulative shipments total to 10.7 million metric tons, or 2.5% higher than the comparable January-March 2013 total.
More on steel and aluminum consumption on American Machinist.
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