US, Canada January aluminum need down 2.9% year on year

January aluminum demand in the United States and also Canada-- gauged as shipments by residential manufacturers plus imports-- completed an estimated 2.018 billion pound, down 2.9% from January 2013, according to preliminary quotes from the Aluminum Organization.

Need for semi-fabricated, or mill, items totaled 1.350 billion pound, down 1.5% from 1.37 billion pounds in January 2013, while obvious consumption, shared as need much less exports, in domestic markets totaled an estimated 1.673 billion lb, down 4.6% from 1.753 billion lb in January 2013, the profession team said in information released Friday.

Exports of aluminum ingot and also mill items from the United States as well as Canada omitting cross-border trade completed 346 million pound in January, up 6.5% from in 2014, while imports were up 6.5% to 405 million lb.

Aluminum sheet and also plate need totaled 755 million lb in January, down 3% year on year. Extruded items were up 6.1% year over year to 387 million pound.

Approximated deliveries of aluminum ingot for spreadings, exports as well as other usages amounted to 669 million lb, declining 5.5% from a year ago, the group claimed.

boiler water treatment chemicals totaled 2.526 billion lb in January, 1.3% above December's 2.494 billion lb and down 2.1% from January 2013.

The US aluminum market purchased an estimated 691 million pound of aluminum scrap in December, according to aluminum recycling stats released by the US Geological Study, down 3.1% from the December 2012 overall of 713 million pound. The USGS approximates recovery of light weight aluminum and also light weight aluminum alloys totaled 596 million lb in December, down 3.3% year on year.

For 2013, initial information indicate that healing of light weight aluminum from scrap completed an approximated 7.676 billion pound, up 1.5% over 2012. US exports of scrap, not included in the government's usage stats, completed 4.122 billion lb in 2013, down 7.6% from 2012.

Aluminum imports of ingot, scrap and also mill items right into the United States and Canada excluding cross-border trade completed 433 million pound in January, up 1.9% from the January 2013 total amount of 425 million lb. Consisting of scrap, exports completed 641 million lb in January, up 0.8% over a year earlier.

Omitting scrap, January exports completed 346 million pound, up 6.5% from last year. Exports of scrap were up 24.5% over December.