On a three month moving average, (3MMA) basis, May total Carbon Steel shipments averaged 143,800 tons per day, compared to 155,400 tons per day in May 2018 (-7.5%) year on year, (y/y).

msci-fig1Figure 1 shows percentage change results for shipments, daily intake and inventory level. In all cases the percentage change references 3MMA y/y. For shipments and inventory, three columns of data are listed offering 12, 24 and 36 month changes.

All products groups posted a decrease in daily intake percentages.  All carbon products reported a decrease of 11.1%. Bar and Shapes y/y shipments fell by 26.0%. Plate recorded a decline of 14.4% y/y. Structurals, (> or = 3 inch) 3MMA y/y shipments decreased by 13.4% y/y.

Overall inventory levels decreased in all product lines y/y except Structurals, (> or = 3 inch) at 4.6% y/y and Carbon Plate at 2.0% y/y. All carbon products inventory decreased by 6.0% y/y, Bar and shapes inventory was down 12.7% y/y, Carbon pipe and tube was down 13.6% y/y and Carbon sheet declined by 6.0%.

Daily shipments were lower across the board, (-9.0%) Structurals intake declined by 15.7% y/y. Bar and Shapes shipments decreased by 17.9% y/y. Plate intake moved lower by 10.3% y/y. Pipe & Tube which declined by 17.7%, 3MMA y/y.  In addition, Sheet moved-down by 6.5% y/y.

At Gerdau we scrutinize the MSCI release every month searching for clues on the industry’s performance. It’s important to us as a significant supplier of long steel products to our service center customers. It’s equally important to keep our steel consuming consumers informed.