Alcoa sees 9%-10% global growth in aerospace in 2013

Alcoa reaffirms its 7% global aluminum demand growth forecast for 2013 and sees essentially balanced alumina and aluminum markets. Alcoa continues to project global growth this year across the aerospace (9%-10%), automotive (1%-4%), packaging (1%-2%), commercial building and construction (4%-5%), and industrial gas turbine (3%-5%) end markets. In the heavy truck and trailer market, Alcoa is raising its 2013 growth expectation, (5%-9%, previously 3%-8%), on improvements in the European market and a stronger Chinese market.