US service centers shipped 7.5% fewer steel products in 2015 than in 2014, and the Metals Service Center Institute reported that service centers carried three months of supply at the end of the year.
Service centers shipped 39.86 million st of steel products in 2015, down 7.5% from 43.11 million st in 2014.
At the end of December, US service centers carried 8.3 million st of steel -- three months supply based on the current shipping level. In December, service centers shipped 2.78 million st of steel.
Inventory levels at the end of December were the lowest of the year and 16.2% below the inventory position held at the end of 2014.
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