October MSCI data showed a slight uptick in the daily shipment rate, which still remains below 100 t/d. While daily shipments were close to last year and month’s levels, inventory moved noticeably lower in October and is down significantly YoY. It will be interesting to see if OEMs increase their intake following the recent slew of price increase announcements, upward price movement, increasing lead times, etc.Domestic flat rolled steel prices rocketed higher while some international prices came off their recent highs.