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Aluminum demand dropped in the US and Canada

According to International Aluminum Institute (IAI) statistics, aluminum demand in the US and Canada fell in the first quarter of 2023.

Aluminum demand dropped in the US and Canada

There was a drop in aluminum demand in the US and Canada. The estimated aluminum demand, including shipments from domestic producers and imports, amounted to 6.1 million pounds, showing a decrease from 6.5 million pounds during the same period the previous year.

Within this timeframe, the demand for aluminum foil witnessed a growth of 3.8% compared to the previous year, while the demand for electrical wire and cable increased by 7.9%. On the other hand, there was a decrease of 7.3% in the demand for semi-finished or finished aluminum products when compared to the previous year.

Furthermore, there was a notable increase of 18.5% in aluminum exports (excluding scrap) during the first quarter, in contrast to a 24.2% decline in imports of aluminum and aluminum products. This decline in imports is in contrast to the substantial increase of 26.8% observed in 2022.


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