LONDON North American
aluminum orders last month fell 10.3 percent from October, with
foil and can sheet experiencing the biggest declines, according
to a research note from Davenport & Co. LLC based on
seasonally adjusted figures from the Aluminum Association.
November foil orders slid 18.2
percent from October, while orders for can sheet fell 16.7
percent. Orders for extruded shapes declined 4.6 in the same
comparison, and sheet and plate orders dipped 4.7 percent.
Richmond, Va.-based Davenport
said that Hurricane Sandy, in addition to service centers
destocking and typical seasonality, likely contributed to the
"Were mindful that (Sandy)
could have impacted orders in October and November," Davenport
analyst Tim Hayes told AMM. "Say youre a
fabricator and youre out for a week because of the storm,
so you didnt order any extrusions for a couple of weeks.
Then you have to play catch-up."
The "ongoing, lackluster
economic recovery" also was a headwind, the research note