May Shows Slow Growth in Metal Shipments

May Shows Slow Growth in Metal Shipments

The Metals Service Center Institute reports that U.S. shipment rates increased at half the rate of growth in April. It noted that Canadian centers’ year-on-year decline was the second monthly fall-off, “but at slower rates than in April.”

Shipments of steel and aluminum from U.S. metals service centers declined from April to May, while shipments of both metals from their Canadian counterparts increased. At the same time, the year-on-year results showed the opposite trends: U.S. centers' delivery totals improved and Canadian centers' declined in the 12-month comparison, according to a report from American Machinist, a companion site of IndustryWeek, and part of Penton’s Manufacturing and Supply Chain Group.

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