Canadian aluminium shipments surge in January

The Metals Activity Report from the Metals Service Center Institute showed that shipments of steel and aluminum from metals service centers in Canada surged in January. Sequential, month end inventory levels also rose for both metal.

Canadian metals centers shipped 12,000 tonnes of aluminum in January or 13.4% more than a year ago. Inventories at the end of the month totaled 31,600 tonnes of aluminum, a scant 4.0% more than a year ago and equal to 2.6 month supply at current shipping levels.