Analysts see steady U.S. aluminum market for '13
Oct 31, 2012 | 07:00 PM
| Myra Pinkham
Tags
U.S. aluminum market,
Kamil Wlazly,
Lloyd O’Carroll,
Davenport & Co.,
Aluminum Association,
While the U.S. aluminum market could remain in a holding pattern until after the presidential election, industry observers are at least cautiously optimistic, with the strong transportation sector driving much of the growth.
“We expect modest but steady growth for the rest of this year into next year,” Aluminum Association spokesman Stephen Gardner said.
Lloyd O’Carroll, senior vice president of research at Davenport & Co. LLC, Richmond, Va., agreed, noting that U.S. aluminum demand has continued to rise even though the rate of growth isn’t quite as robust as it was earlier this year. He expects U.S. aluminum industry shipments will rise about 8 percent this year, but will increase just 4 percent in 2013 due to the impact of the debt crisis in Europe and slower growth in China. ....
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