Steel Shipments Rise 1.2% in the U.S.

ROLLING MEADOWS, Ill

**Note: The headline values of year-over-year percent change have traditionally been reported in this communication on a not-seasonally-adjusted basis. Starting this month, MSCI will be reporting the seasonally adjusted values at the time of report release to provide a more accurate snapshot of the industry.**

MSCI Metals Activity for the month of February 2025 indicates a mixed trend in steel and aluminum shipments across the US and Canada. In the United States, steel shipments saw a marginal increase for the first time since September 2024. Meanwhile, aluminum declines moderated compared to the same month in 2024. The slide in Canadian service center activity persisted—though to a lesser degree—with shipments decreasing in steel and aluminum over the same period.

U.S. Service Center Activity

U.S. service center steel shipments in February 2025 were +1.2% (seasonally adjusted) from February 2024. Shipments of aluminum products were -5.0% (seasonally adjusted) from the same month in 2024.

Canadian Service Center Activity

Canadian service center steel shipments in February 2025 were -7.6% (seasonally adjusted) from February 2024. Shipments of aluminum products were -10.6% (seasonally adjusted) from the same month in 2024.

Contact:

Justin A. Scott, PhD, Vice President, Innovation & Analytics (847) 485-3009 jscott@msci.org