July Metals Activity Shows Mixed Shipment Results Across U.S. and Canada – MSCI Metals Activity for July 2026 shows mixed year-over-year service center shipment results in the U.S. and Canada. U.S. steel shipments increased 9.1% from July 2025, while aluminum shipments declined 0.5%. In Canada, steel and aluminum shipments each declined 3.3% from the same month in 2025. The results reflect an increase in U.S. steel shipments, with declines reported for U.S. aluminum and both Canadian product categories for the month. U.S. Service Center Activity – U.S. service center steel shipments in July 2026 were +9.1% from July 2025. Shipments of aluminum products were -0.5% from the same month in 2025. Canadian Service Center Activity – Canadian service center steel shipments in July 2026 were -3.3% from July 2025. Shipments of aluminum products were -3.3% from the same month in 2025.