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North American Aluminum demand stays flat in January

iconMar 25, 2015 17:34
Source:SMM
The latest statistics released by the Aluminum Association suggests the aluminum industry demand in the US and Canada remained more or less flat with a marginal rise of 0.1% in January.

Author: Paul Ploumis
25 Mar 2015 Last updated at 06:11:54 GMT

TORONTO (Scrap Monster): The latest statistics released by the Aluminum Association suggests that the aluminum industry demand in the US and Canada remained more or less flat with a marginal rise of 0.1% during January this year. This is when compared with same month the previous year.

The North American aluminum demand during the month of January touched 2.124 billion lbs, when compared with the demand of 2.121 billion lbs during the same month last year. It must be noted that the aluminum demand during the entire year 2014 had totaled 25.5 billion lbs, hitting highest yearly levels after 2006.

The demand for semi-fabricated mill products surged higher by 10.1% year-on-year in January this year to 1.487 billion lb. The demand had totaled 1.351 billion lb in January last year. Meantime, demand for aluminum sheet and plate totaled 858 million lb during the month, rising sharply by 13.6% over the previous year. The demand for extruded products too rose 8.1% to 415 million lb during the month.

The exports of aluminum from the US and Canada dropped sharply by nearly 40% to 212 million lb in Jan ’15. The figure does not include cross-border trade, the trade body noted. On the other hand, aluminum imports jumped higher by 17.6% to 477 million lb. Producer inventories totaled 2.877 billion lb in January, up 1.7% from December's 2.830 billion lb. Producer inventories were up 12.1% when compared with the year before.

The Aluminum Association is a trade association for the aluminum production, fabrication and recycling industries, and their suppliers. The Association is a 501 non-profit organization based in Arlington, Virginia, United States.
 

North America
aluminum demand
semi-fabricated mill products
sheet
exports
Canada

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