North America’s exports of aluminium scrap up 30.3% YoY in October
According to the latest report from Aluminum Association, imports of aluminium ingot, scrap and mill products into the U.S. and Canada in October up 31.9% to 748 million pounds in October 2017, up 31.9% over the October 2016 total of 568 million pounds.
Including scrap, which accounted for roughly 56.8% of reported aluminium exports in October, total exports stood at 617 million pounds, up 17.0% YoY. Excluding scrap, exports totalled 266 million pounds, registering an increase of 3.2% over last year. Exports of scrap increased 30.3% year-over year. Through October 2017, imports were up 25.6% to 8,206 million pounds, while exports were up 4.8% to 5,371 million pounds. Aluminium scraps played a significant role in North America’s total export.
The Association’s “Index of Net New Orders of Aluminum Mill Products” for November 2017 dropped 3.6% from October 2017. Orders for flat roll products (sheet, plate, can stock and foil) were off 3.3% from the previous month, while orders for extruded products decreased 5.5%. Compared to November 2016, total orders were down slightly YoY. On average, orders recorded by domestic producers through November 2017 were up 1.3 over last year.
Aluminium recovery from scrap in the US was up 2.2% in the first three quarters of 2017
Next articleIndia’s aluminium scrap import during April-Sept FY2018 valued at US$940.91 million
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