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Service centers report drop in steel inventories; shipments lag last year.

Publication: Metal Center News
Publication Date: 01-DEC-05
Format: Online
Delivery: Immediate Online Access
Full Article Title: Service centers report drop in steel inventories; shipments lag last year.(MSCI)

Article Excerpt
The year-long drawdown of steel inventory at U.S. and Canadian service centers continued in October, according to the most recent Metals Activity Report from the Metals Service Center Institute.

U.S. inventory dropped to 12.7 million tons, its lowest figure of the year and 17.5 percent lower than in October 2004. This represents a supply of 2.7 months, a decrease of 21.5 percent from last year and 3.4...

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