On a three month moving average, (3MMA) basis, June total carbon steel shipments averaged 146,400 tons per day, compared to 157,200 tons per day in June 2018 (-6.9 % year on year, YoY).
Figure 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 product groups posted a decrease in daily intake YoY (3MMA). All carbon products reported a decrease of 11.5%. Structurals, (> or = 3 inch) 3MMA y/y intake decreased by 19.0% y/y. Bar and Shapes y/y intake fell 27.4%. Plate recorded a decline of 14.4% y/y. Carbon Pipe & Tube 3MMA y/y intake decreased by 20.4% y/y.
Service Center shipments were also down across the board. All carbon products reported a decrease of 9.6%. Structurals, (> or = 3 inch) 3MMA y/y shipments decreased by 14.4% y/y. Bar and Shapes y/y shipments fell 19.1%. Plate recorded a decline of 10.4% y/y. Carbon Pipe & Tube 3MMA y/y shipments decreased by 17.2% y/y.
Overall inventory levels decreased in all product lines y/y except Structurals, (> or = 3 inch) at 2.2% y/y and Carbon Plate at 2.9% y/y. All carbon products decreased inventory by 6.5% y/y, Bar and shapes inventory was down slightly at 16.2% y/y, Carbon pipe and tube was down 14.6% y/y and Carbon sheet declined by 5.5%.
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.