Summary of Aluminum Producer Net Shipments 1 February 2019 April 8, 2019

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Ryan Olsen V.P. Business Information & Statistics 1-703-358-2984 E-mail: rolsen@aluminum.org Henry F. Sattlethight Manager, Statistical Programs 1-703-358-2985 E-mail: hsattlethight@aluminum.org Summary of Aluminum Producer Net Shipments 1 February 2019 Aluminum net shipments (including exports) by domestic U.S. and Canadian facilities totaled an estimated 1,978 million pounds during February, a decrease of six-tenths of one percent from the February 2018 total of 1,989 million pounds. Shipments of aluminum mill products rose nine-tenths of one percent over the previous year to 1,315 million pounds, while shipments of aluminum ingot for castings, exports and destructive uses fell 3.3 percent year-over-year, totaling 663 million pounds. Through the first two months of 2019, preliminary producer shipments totaled an estimated 4,092 million pounds, an increase of seven-tenths of one percent over the like- 2018 total of 4,065. February inventory levels totaled an estimated 3,530 million pounds, a decline of 2.4 percent over the previous month but up 11.5 percent year-over-year. Industry Net Shipments 1 February % Chge Jan. % Chge Year-to-Date % Chge 2019* 2018 Feb/Feb 2019 Feb/Jan 2019* 2018 19/18 Mill Products 1,315 1,303 0.9 1,405-6.4 2,720 2,664 2.1 Ingot 663 686-3.3 709-6.6 1,372 1,401-2.1 Total Shipments 1,978 1,989-0.6 2,114-6.5 4,092 4,065 0.7 Producer Inventory 2 3,530 3,165 11.5 3,617-2.4 1) U.S. and Canadian producer shipments excluding imports and intra-industry shipments for further fabrication. Estimated for 100% of the industry. 2) Inventory levels reflect both U.S. and Canadian producers. 2,500 Estimated Producer Shipments 2018 2019 2,000 1,500 1,000 500 0 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. The Aluminum Association Not Seasonally Adjusted The Association estimates producer net shipments based on reports by its members of their shipments for the latest month. The Association expands these data to total industry utilizing expansion ratio that attempts to reflect the relationship of reporters to the total industry. While the Association believes that its statistical procedures and methods are reliable, it does not warrant the accuracy or completeness of the data. All data contained herein are subject to revision. This report is available on the Aluminum Association website, www.aluminum.org

Preliminary Estimates February 2019 Issued: Aluminum Producer Net Shipments 1 U.S. and Canada February % Chge Jan. % Chge Year-to-Date % Chge (Figures in Millions of Pounds) 2019* 2018 Feb/Feb 2019 Feb/Jan 2019* 2018 19/18 Total Sheet & Plate 697.1 680.2 2.5 749.8-7.0 1,446.9 1,405.1 3.0 Can Stock 288.2 305.7-5.7 324.6-11.2 612.8 651.5-5.9 Non-heat Treatable Sheet 237.3 230.2 3.1 244.7-3.0 482.0 456.1 5.7 All Other Sheet and Plate 171.6 144.3 18.9 180.5-4.9 352.1 297.6 18.3 Foil 74.4 74.8-0.5 79.6-6.5 154.0 150.3 2.5 Extruded Products 437.0 442.0-1.1 466.5-6.3 903.5 897.1 0.7 Shapes 356.4 363.7-2.0 383.4-7.0 739.8 735.9 0.5 Pipe & Tube 37.2 35.2 5.9 38.0-2.0 75.2 70.8 6.3 Rod & Bar 43.3 43.2 0.4 45.1-4.0 88.5 90.4-2.1 Elec. Conductor 53.0 57.1-7.2 51.4 3.0 104.4 112.7-7.3 Other 2 53.6 49.0 9.3 57.8-7.3 111.3 98.6 12.9 Total Mill Products 1,315.0 1,303.1 0.9 1,405.0-6.4 2,720.0 2,663.8 2.1 Ingot 3 662.6 685.5-3.3 709.2-6.6 1,371.7 1,401.1-2.1 Total Shipments 1,977.6 1,988.6-0.6 2,114.2-6.5 4,091.8 4,064.9 0.7 Total Inventory 4 3,530.5 3,165.1 11.5 3,616.8-2.4 Ingot 1,088.4 970.6 12.1 1,148.5-5.2 Scrap 919.8 742.0 24.0 949.7-3.1 Other 1,522.2 1,452.4 4.8 1,518.6 0.2 Source: Note: 1) Data presented on this report represent total U.S. and Canadian domestic producer shipments less intra- industry shipments for further fabrication and exclude imports. 2) Other mill products drawing stock; bare wire; forgings and impacts; and powder and paste. 3) Net ingot shipments for foundry castings, export and destructive uses. 4) End of month inventory levels reflect stocks held by U.S. and Canadian producers. Detail may not add to total due to rounding. For additional Association statistics on producer shipments, click here.

Aluminum Producer Net Shipments 1 U.S. and Canada Preliminary Estimates February 2019 Issued: (Figures in Millions of Pounds) Jan. Feb.* Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. YTD* Total Sheet & Plate 750 697 1,447 Can Stock 325 288 613 Non-heat Treatable Sheet 245 237 482 All Other Sheet and Plate 180 172 352 Foil 80 74 154 Extruded Products 466 437 903 Shapes 383 356 740 Pipe & Tube 38 37 75 Rod & Bar 45 43 88 Elec. Conductor 51 53 104 Other 2 58 54 111 Total Mill Products 1,405 1,315 2,720 Ingot 3 709 663 1,372 Total Shipments 2,114 1,978 4,092 Total Inventory 4 3,617 3,530 Ingot 1,149 1,088 Scrap 950 920 Other 1,519 1,522 Integrated Inventory The Association will no longer distinguish "integrated" producers from all producers. We apologize for any inconvenience. Source: Note: 1) Data presented on this report represent total U.S. and Canadian domestic producer shipments less intra- industry shipments for further fabrication and exclude imports. 2) Other mill products drawing stock; bare wire; forgings and impacts; and powder and paste. 3) Net ingot shipments for foundry castings, export and destructive uses. 4) End of month inventory levels reflect stocks held by U.S. and Canadian producers. Detail may not add to total due to rounding. For additional Association statistics on producer shipments, click here.

Aluminum Producer Net Shipments 1 U.S. and Canada Preliminary Estimates 2018 Revised: (Figures in Millions of Pounds) Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Year Total Sheet & Plate 725 680 770 732 760 754 745 782 739 790 731 677 8,884 Can Stock 346 306 347 326 359 337 351 338 314 350 325 315 4,014 Non-heat Treatable Sheet 226 230 263 249 261 275 255 266 251 254 237 205 2,973 All Other Sheet and Plate 153 144 161 156 139 142 139 177 173 186 169 157 1,897 Foil 76 75 83 82 88 83 87 88 81 85 79 63 970 Extruded Products 455 442 479 474 486 476 450 484 446 486 444 368 5,490 Shapes 372 364 394 389 402 394 375 401 369 404 371 306 4,542 Pipe & Tube 36 35 38 38 39 39 34 40 36 38 34 28 436 Rod & Bar 47 43 47 46 45 43 40 44 41 44 38 34 512 Elec. Conductor 56 57 59 62 66 58 54 55 58 61 60 56 702 Other 2 50 49 55 50 54 53 47 50 49 52 48 44 599 Total Mill Products 1,361 1,303 1,446 1,400 1,454 1,425 1,383 1,459 1,372 1,474 1,362 1,207 16,646 Ingot 3 716 686 687 665 608 600 510 783 675 746 674 569 7,919 Total Shipments 2,076 1,989 2,134 2,066 2,062 2,025 1,893 2,242 2,048 2,220 2,036 1,777 24,565 Total Inventory 4 3,198 3,165 3,138 3,196 3,308 3,253 3,343 3,430 3,434 3,449 3,481 3,467 Ingot 1,004 971 946 1,005 1,003 935 977 1,039 991 1,051 1,071 1,004 Scrap 751 742 718 745 801 824 879 931 928 936 922 914 Other 1,442 1,452 1,474 1,446 1,504 1,495 1,488 1,461 1,515 1,462 1,488 1,548 Integrated Inventory The Association will no longer distinguish "integrated" producers from all producers. We apologize for any inconvenience. Source: Note: 1) Data presented on this report represent total U.S. and Canadian domestic producer shipments less intra- industry shipments for further fabrication and exclude imports. 2) Other mill products drawing stock; bare wire; forgings and impacts; and powder and paste. 3) Net ingot shipments for foundry castings, export and destructive uses. 4) End of month inventory levels reflect stocks held by U.S. and Canadian producers. Detail may not add to total due to rounding. For additional Association statistics on producer shipments, click here.

Aluminum Producer Net Shipments 1 U.S. and Canada Preliminary Estimates 2017 Revised: August 30, 2018 (Figures in Millions of Pounds) Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Year* Total Sheet & Plate 702 678 755 700 756 756 693 743 698 721 673 633 8,507 Can Stock 346 325 363 322 348 346 344 356 323 335 316 311 4,034 Non-heat Treatable Sheet 219 223 240 248 264 268 235 241 241 238 213 193 2,823 All Other Sheet and Plate 136 130 152 129 143 142 114 146 135 148 144 130 1,650 Foil 75 73 85 80 85 87 84 86 82 78 74 64 954 Extruded Products 429 417 470 433 465 462 430 474 442 470 428 354 5,274 Shapes 349 344 389 359 387 387 363 396 369 390 358 295 4,385 Pipe & Tube 36 33 37 35 37 36 31 37 36 37 33 27 414 Rod & Bar 43 41 44 40 41 40 35 41 37 43 37 32 475 Elec. Conductor 73 82 73 69 74 64 67 70 66 65 60 59 820 Other 2 50 48 53 50 51 52 44 52 48 54 48 45 594 Total Mill Products 1,328 1,298 1,438 1,331 1,431 1,421 1,317 1,424 1,337 1,388 1,284 1,154 16,149 Ingot 3 708 621 692 643 664 616 471 682 662 671 634 550 7,614 Total Shipments 2,036 1,918 2,129 1,974 2,095 2,037 1,788 2,106 1,998 2,059 1,918 1,704 23,763 Total Inventory 4 2,861 2,818 2,863 2,897 2,921 2,918 2,961 3,043 3,113 3,134 3,111 3,206 Ingot 880 825 853 872 898 884 923 943 956 958 963 976 Scrap 603 614 595 592 603 638 601 707 695 707 704 763 Other 1,377 1,379 1,414 1,433 1,420 1,396 1,438 1,392 1,462 1,469 1,444 1,467 Integrated Inventory The Association will no longer distinguish "integrated" producers from all producers. We apologize for any inconvenience. Source: Note: 1) Data presented on this report represent total U.S. and Canadian domestic producer shipments less intra- industry shipments for further fabrication and exclude imports. 2) Other mill products drawing stock; bare wire; forgings and impacts; and powder and paste. 3) Net ingot shipments for foundry castings, export and destructive uses. 4) End of month inventory levels reflect stocks held by U.S. and Canadian producers. Detail may not add to total due to rounding. For additional Association statistics on producer shipments, click here.

Producer Shipments & Inventory Levels U.S. and Canada February 2017 February 2019 1,600 1,400 1,200 1,000 800 600 400 200 Producer Shipments - Ingot and Mill Products Mill Products Ingot 3,800 3,700 3,600 3,500 3,400 3,300 3,200 3,100 3,000 2,900 2,800 Producer Inventory Levels The Aluminum Association Not Seasonally Adjusted 850 Sheet & Plate 100 Foil 800 90 750 80 700 70 650 60 600 50 550 Extruded Products 90 Electrical Conductor 500 80 450 70 400 60 350 50 300 40

The Aluminum Association, founded in 1933, represents U.S. and foreign-based primary producers of aluminum, as well as recyclers, and producers of semi-fabricated products, foundries, distributors and suppliers. Member companies operate roughly 170 plants in North America and many conduct business worldwide. Statistical Reports and Publications The Aluminum Association's statistical programs provide industry information on primary aluminum production, new orders of mill products, industry shipments, end use market estimates, inventories, recycling and foreign trade on a monthly, quarterly and annual basis. Special surveys provide data on specific subjects such as primary capacity, flat roll capacity, inventories and castings shipments. Custom reports are available on a for-fee basis and Webinars may be scheduled by contacting the Association. Industry Overview Aluminum Statistical Review (Annual Fact Book) Aluminum Highlights (Weekly) Aluminum Situation (Monthly) Summary of Producer Shipments and Inventories (Monthly) Primary Aluminum Primary Aluminum Production (Monthly) Primary Installed Capacity (Annual) Shipments of Primary Aluminum by Form (Quarterly) Mill Products Index of Net New Order Receipts for Aluminum Mill Products (Monthly) Can Stock Shipments (Monthly) Electrical Conductor Shipments (Monthly) Extruded Products Shipments and Press Utilization (Monthly) Flat Roll Capacity (Annual) Forging and Impacts Shipments (Monthly) Rod, Bar, and Wire Shipments (Monthly) Sheet and Plate Shipments (Monthly) End Use Extrusion Shipments by End Use (Quarterly) Fin Stock Shipments by End Use (Quarterly) Foil Shipments by End Use (Monthly) Sheet and Plate Shipments by End Use (Quarterly) Castings U.S. Foundry Castings Shipments (Biannual) Canada Foundry Castings Shipments (Annual) Recycling New Can Stock (Class) Scrap Receipts (Monthly) Used Beverage Can Reclamation (Annual) Foreign Trade Summary of U.S. Imports and Exports (by Commodity), Monthly U.S. and Canada Foreign Trade Online Database - U.S., Canada and China Exports & Imports of Aluminum (By Commodity, by Country) For a complete list of statistical publications and reports visit our website.

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