Aluminum Demand in North America Shows Strong Growth Through Q3 2024

North American aluminum demand increased 4.6% year-over-year. This is through the first three quarters of 2024. Demand reached 20,712 million pounds. Sheet and plate products led the growth. They increased 6.9%. Other product categories declined. These include foil, extrusions, and electrical products.

Mill Product Demand and Exports Rise

Semifabricated aluminum products saw a 2.5% year-over-year increase. Imports of aluminum and aluminum products decreased. They fell 8% during the same period. This highlights the domestic aluminum industry’s strength. Exports of aluminum (excluding scrap) grew 23.3% in Q3 2024.

The Aluminum Association’s Index of Net New Orders shows positive movement. It rose 1.2% year-over-year through November. This index tracks new orders for aluminum products. It indicates industry health and competitiveness.

Charles Johnson, president and CEO of the Aluminum Association, commented on the results. He stated demand growth reflects the aluminum industry’s strength. He acknowledged uncertainty ahead. However, aluminum remains a critical material. It builds a stronger, more sustainable America. The industry is ready to deliver.