On a three month moving average, (3MMA) basis, August total carbon steel shipments averaged 139,500 tons per day, compared to 153,300 tons per day in August 2018 (-9.0 % 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 15.0%. Structurals, (> or = 3 inch) 3MMA y/y intake decreased by 21.9% y/y. Bar and Shapes y/y intake fell 23.4%. Plate recorded a decline of 25.4% y/y. Carbon Pipe & Tube 3MMA y/y intake decreased by 18.5% y/y. Carbon Sheet recorded a decline of 12.7% y/y.
Service Center shipments were also down across the board. All carbon products reported a decrease of 9.2%. Structurals, (> or = 3 inch) 3MMA y/y shipments decreased by 9.2% y/y. Bar and Shapes y/y shipments fell 17.3%. Plate recorded a decline of 14.5% y/y. Carbon Pipe & Tube 3MMA y/y shipments decreased by 14.0% y/y. Carbon Sheet recorded a decline of 7.3 y/y.
Overall inventory levels decreased in all product lines y/y. All carbon products decreased inventory by 13.7% y/y, Structurals, (> or = 3 inch) declined by 10.5%. , Bar and shapes inventory was down 20.2% y/y, Carbon plate declined by 11.8%, Carbon pipe and tube was down 16.5% y/y and Carbon sheet declined by 13.4%.
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.