North American Aluminum Demand Up Through H1 2024

In 2023, the area recorded a decline in domestic aluminum demand.

SEATTLE (Scrap Monster): According to the Aluminum Association's preliminary estimates, the demand for aluminum in the United States and Canada increased by 5.2% during the first half of 2024 compared to the previous year. In 2023, the area recorded a decline in domestic aluminum demand.

The report states that through the first half of 2024, the combined demand for aluminum in the United States and Canada was around 14,056 million pounds. In contrast, the demand for H1 2023 was 13,365 million pounds.

Exports of aluminum to other nations have increased dramatically by 25.6% so far this year. Meanwhile, there was a dramatic 14% drop in the import of aluminum and aluminum-related items into North America.

The demand for semi-fabricated aluminum products held stable through the second quarter of 2024, according to the Aluminum Association. In Q2, demand for sheets and plates increased 7.5% over the prior year. Conversely, there were decreases in the markets for foil, extruded goods, and electrical products.

The Aluminum Association's president and CEO, Charles Johnson, stated that the demand for aluminum has remained high in 2024. To help fulfill the present and future demand, he continued, the Association members are seen investing in manufacturing and jobs in the United States.

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