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Steel shipments fall 30 percent in November.

Publication: Metal Center News
Publication Date: 01-JAN-09
Format: Online
Delivery: Immediate Online Access
Full Article Title: Steel shipments fall 30 percent in November.(MSCI)

Article Excerpt
The turmoil unleashed by the housing and financial crises continues to infiltrate deeper into the economies of the United States and Canada, sharply reducing service center business. Service center shipments of steel fell 32.7 percent in the U.S. and 30 percent in Canada in November as customers stayed in a wait-and-see mode.

The last time year-over-year steel shipments declined by this magnitude was during the 1980-82 recession period, according to the latest Metals Activity Report from the...

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