NEW YORK North American
aluminum orders fell in March from the prior month, although
they are expected to trend upward in coming months, according
to Davenport & Co. LLC data based on seasonally adjusted
figures from the Aluminum Association.
March orders fell 7.5 percent
from February but were up 5.3 percent in the year to date,
Davenport analysts said, noting that orders have fallen in six
of the past nine months. Excluding can sheet, orders were down
4 percent in March vs. February.
"Although order growth has taken
a breather recently, they remain up when compared to the
year-ago period. We expect orders to continue moving higher in
the coming months, as economic data domestically continues to
hold up well despite uncertainty in Europe and Asia," analysts
at Richmond, Va.-based Davenport wrote in a report.
Extruded shapes orders logged the largest monthly decrease,
falling 13.3 percent in March from February, followed by sheet
and plate (down 5.7 percent) and can sheet (down 2.9 percent).
The only segment to post an increase was foil, which saw a
2.5-percent increase in orders in March.