Disappointing Trend in Steel Inventories

Inventories Rise While Shipments Fall. December service center inventories and shipments both had bad news, as total inventories rose 4.7% and months' supply increased to an adjusted 3.2 months on hand from 2.5 months in November. Average daily shipments fell 16.7% in December, which is only a slightly wider decline than December's 10-year average seasonal decline of 14.2%. Average daily shipments were down 5.5% year over year, which is somewhat encouraging as it was by far the smallest year-over-year decline of 2009.
Flat-Rolled Inventory Rises Again. Flat-rolled inventories increased 8.1% to 3.5 million tons, accounting for most of the rise in overall inventories on a tonnage basis. Adjusted months' supply rose from 2.2 in November to 3.0 months in December as average daily shipments plunged 20.5%. This is worrisome and we hope it's only a seasonal phenomenon that will be short-lived as evidenced by the escalating sheet prices of the past month.

Structural and Plate Inventories Rise; Pipe and Tubing Falls. Structural and plate inventories each rose in December after falling to the lowest level we have on record in November, with tonnage increases of 4.9% and 3.5%, respectively. Adjusted months' supply of beams rose from 2.6 to 3.0 months with average daily shipments down 6.9%, while plate supply on hand increased from 3.2 months to an adjusted 3.4 months. Pipe and tube inventories fell 3.6% to the lowest level in two decades, with an adjusted months' supply rising from 3.3 to 3.6 as average daily shipments decreased 12.3% in December.

Outlook -- We're Still in the New Normal. We are somewhat troubled by the uptick in inventory levels, particularly for flat-rolled. However, inventory levels are still low by historical standards and we expect to see rising shipments in the near term as we move past the seasonal weakness, which should keep the months' supply in check.

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My old Weber had rusted flavor bars . So when I removed them - replacing the old enamel with stainless flavor bars - I noticed the propane gas components looked functional but tired after 10-years. I decided to upgrade to all stainless gear with the Weber 3609 tube set.

What a wise choice that was! Not only am I not shy about opening my grill-lid when guests are withing sight-range (looks MUCH cleaner now), but my Weber's performance has improved at least 50%. It is like we had a BTU upgrade as well. The installation is simple - just read the instructions word-for-word (for example, you do not have to remove the tube alignment screws on the far left). I recommend to all Weber 1100 Series owners.

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Warning about old steel tube type ladders

Just as I was about ready to restart work on my PDRacer, I was helping out a neighbour, when the ladder I was using snapped, and colapsed from under me.

The ladder was one of those old steel tube step / extension types ( I only weigh 99.5 kg ), both vertical tubes snapped right through, about 6 inches above the joints ( the neighbour only got it second hand last sunday ), causing me to drop straight down about 5 feet, to land on and bend one of the ladders steps about 45 degrees.

I have 2 very sore feet and ankles, according to the x-rays I have not likely broken anything except the ladder, but have soft tissue dammage to both feet and ankles, thankfully it was not worse.

This would seem a great joke ordinarily, but I am in too much pain to truly enjoy the funny side of this unlikely event, hopefully you can at least get a laugh out of this, I no doubt will at some time later.

If everything goes ok ( and if I havn't actually broken any bones, such as a hairline fracture etc. ) I should recover sufficiently in a week or two to get started again on my PDRacer.

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i'm in love with these steel tube beds i spotted over on ohdeedoh.

we're real close to moving z man into a big boy bed. i'm wondering. could i pull this off? i mean, do you think you could make a headboard with steel tubes? that would be beyond cool!