Orders of aluminium mill products in the U.S. up through first five month of 2017
According to the recently published “Index of Net New Orders of Aluminum Mill Products” by the Aluminum Association for May, the order increased 6.3% from April 2017. Orders for flat roll products (sheet, plate, can stock and foil) were up 4.1%, while orders for extruded products increased 14.7% and orders for redraw rod were up 9.5%. Orders were up 7.6% YoY. On average, orders recorded by domestic producers through the first five months of 2017 were up 3.0 % from the same period of 2016.
The domestic aluminium industry is growing creating American jobs and r investing more than $2 billion since 2013 to expand U.S. manufacturing. Subsidized production in China is threatening the industry’s continued health, but a healthy demand from automotive and aerospace is supporting the industry.
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Demand for the lightweight and recyclable aluminium is firm and continues to rise about 40% since 2009 and jobs are growing about 3% since 2013. Aluminium is contributing about 15% of the economy growth. Shipments to the transportation market are at all-time high in North America.
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