The manufacturers of RVs who use lots of aluminum were not surprised that aluminum producer Alcoa Inc. reported its first quarter sales revenue was up sharply.
“Demand for aluminum fabricated products was the highest in three years, driving prices higher,” according to Alan Belda, Alcoa’s chairman and CEO.
Alcoa’s flat-rolled product sales were up 26% and its engineered product revenue was up 10% when the first three months of this year are compared with the same portion of 2003. The company attributed the successes to “double-digit increases in sales to the commercial vehicle, automotive and aerospace markets.”
In addition to higher demand from customers in the U.S., Alcoa also experienced higher demand from its European customers, the company added.
Recently, RV manufacturers have reported aluminum price increases in the 26% range.