North American Aluminum Demand Rises 6% Through July

Platts reported that according to the Aluminum Association, preliminary estimates suggest that aluminum demand in the USA and Canada surged 6% in comparison to 2010.

The market news is quoted as saying:

Exports of aluminum ingot and mill products from the US and Canada — excluding cross-border trade — totaled 2.289 billion lb through July, 24.6% above last year, while imports totaled 2.230 million lb, up 1.9%. Demand for aluminum semi-fabricated products in the US and Canada totaled an estimated 1.215 billion lb in July, off 2.8% over the July 2010 total of 1.250 billion lb. Aluminum sheet and plate demand totaled 737 million lb in July, down 0.7%, while extruded products declined 11.7% to 253 million lb.

The US aluminum industry bought an estimated 712 million lb of aluminum scrap during July 2011, according to the US Geological Survey. Figures are up 11.3% over a year ago. USGS estimates that recovery of aluminum and aluminum alloys totaled 567 million lb in July, up 6.8%.

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