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Steel shipments, inventories decline in November.

Publication: Metal Center News
Publication Date: 01-JAN-07
Format: Online
Delivery: Immediate Online Access
Full Article Title: Steel shipments, inventories decline in November.(MSCI)

Article Excerpt
Consistent with slow demand indicative of a correspondingly weaker economy, inventories of steel and aluminum at North American service centers declined in November, according to the Metals Activity Report from the Metals Service Center Institute, Rolling Meadows, Ill.

Because service center shipments so closely parallel the broader manufacturing economy, the November results indicate a weaker undertone to metals-related economic activity. They also provide further evidence that industrial metals inventories may have passed their cyclical peak, say MSCI officials.

Steel inventories at U.S. service...

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