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26 SEPTEMBER 2018 AL CIRCLE

Aluminium imports by the US and Canada drop 6.3% during January-July 2018; exports up 13%

EDITED BY : BEETHIKA BISWAS 2MINS READ

According to the statistics are derived from customs data released by the U.S. and Canadian governments,  imports of aluminium ingot, scrap and mill products into the U.S. and Canada (excluding cross-border trade) totalled 372 thousand tonnes in July 2018, down 13.8 per cent from the July 2017 total of 432 thousand tonnes.  

Including scrap, which accounted for roughly 52.2 per cent of reported aluminium exports by the U.S. and Canada in July, exports totalled 294 thousand tonnes, up 13.4 per cent over a year ago. Excluding scrap, exports totalled 141 thousand tonnes, an increase of 18.5 per cent YoY.  

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Through the first seven months of 2018, imports were down 6.3 per cent to 2.8 million tonnes, while exports were up 13.4 per cent to 2 million tonnes YoY. The two North American countries have been trying to cut down on import reliance in the aluminium sector. However, when we include cross-border trade with Canada, the US is still 60% dependent on Canadian aluminium

When we look into semi-finished aluminium products or mill products, we see that the U.S. & Canada imported about 150 thousand tonnes in July, down 15% from 176 thousand tonnes in July 2017; however, the volume is 12 per cent up from June 2018. For the period of 7 months from January to July, the semi-finished import stood at 1.1 million tonnes, about 1% up from the same period of 2017.

As for exports are concerned, the U.S. & Canada exported about 63 thousand tonnes in July, up 12% from 56 thousand tonnes in July 2017; however, the volume is just 2 per cent up from June 2018. For the period of 7 months from January to July, the semi-finished export stood at 434 thousand tonnes, about 11% up from the same period of 2017.  

For the seven months under review, import of aluminium ingots dropped about 11% to 1.5 million tonnes indicating restarting of primary aluminium capacity in the US. Exports of aluminium ingots from the US and Canada increased 19% to 552 thousand tonnes.  


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EDITED BY : BEETHIKA BISWAS 2MINS READ

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