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Article Excerpt
SHIPMENTS OF STEEL and aluminum products from U.S. service centers declined in September, while inventories of both metals rose and inventory-to-sales ratios deteriorated, according to the latest Metals Activity Report issued by the Metals Service Center Institute, Rolling Meadows, Ill.
Service center steel inventories at the end of September totaled nearly 16.6 million tons, or 27.9 percent more than at the end of third-quarter 2005, and 4.2 percent above the August inventory total. At current shipping rates, this represents a 3.8-month supply, up 35 percent from the same time last year and 20.8 percent from last...
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