aluminum demand in the United States and Canada increased
through April, other key indicators showed declines, including
May domestic production, April scrap purchases and an index of
new orders, according to recent Aluminum Association data.
U.S. and Canadian
demandshipments by domestic producers plus
importsincreased to 8.18 billion pounds in the first four
months of 2013, up 2 percent from the same period last year,
while apparent domestic consumption (demand minus exports)
inched up 0.5 percent to 6.81 billion pounds in the same
semifabricated mill products rose 0.4 percent to 5.47 billion
pounds, the Arlington, Va.-based trade group said. Exports of
aluminum ingot and mill productsexcluding cross-border
tradejumped 9.1 percent to 1.36 billion pounds through
April, while imports fell 4.4 percent to 1.41 billion
totaled 2.62 billion pounds at the end of April, down 0.4
percent from the previous month but up 9 percent from a year
earlier, the group said.
While demand increased
through April, primary aluminum production in the United States
and Canada slipped to an annualized rate of nearly 5.04 million
tonnes in May, down 0.5 percent from April but still 4 percent
ahead of May 2012.
Associations index for new orders for May fell 6.3
percent from a year earlier, with year-to-date orders recorded
by domestic producers down 4.3 percent from the first five
months of last year.
Meanwhile, the U.S.
aluminum industry purchased 762.3 million pounds of scrap in
April, down 3 percent from the same month last year, the
association said, citing government statistics.