Mixed Metals Activity in March: U.S. Steel Down, Aluminum Up – MSCI Metals Activity for March 2026 shows mixed shipment trends across North American service centers, with steel and aluminum moving in different directions. U.S. steel shipments declined 6.5% year-over-year on a seasonally adjusted basis, while aluminum shipments increased 5.6%. In Canada, steel shipments rose 0.8% compared to March 2025, and aluminum shipments also increased, up 4.7%. The data reflects divergent performance across products and regions during the month. U.S. Service Center Activity – U.S. service center steel shipments in March 2026 were -6.5% (seasonally adjusted) from March 2025. Shipments of aluminum products were +5.6% (seasonally adjusted) from the same month in 2025. Canadian Service Center Activity – Canadian service center steel shipments in March 2026 were +0.8% (seasonally adjusted) from March 2025. Shipments of aluminum products were +4.7% (seasonally adjusted) from the same month in 2025.
Metals Service Center Institute – Steel Shipments (04-16-26)
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