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Steel inventories peaked in September.

Publication: Metal Center News
Publication Date: 01-DEC-06
Format: Online
Delivery: Immediate Online Access
Full Article Title: Steel inventories peaked in September.(Metals Service Center Institute)

Article Excerpt
If historic patterns hold true, steel inventories at U.S. service centers may have peaked and could begin a slow decline in the coming months, reports the Metals Service Center Institute, Rolling Meadows, Ill.

U.S. service center steel inventories reached 16.8 million tons by Halloween, up 32.3 percent from the end of October 2005, but just 1.2 percent higher than at the end of September this year. Expressed in terms of months supply on hand, moreover, U.S. service center steel inventories declined...

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