UNITED STATES August 10 2017 4:29 PM
BEIJING (Scrap Register): Certain Aluminum foil imports from China has been imposed with preliminary countervailing duties by US Department of Commerce.
With the decision of imposing CV duty all US companies found importing Chinese aluminum foil will have to give a cash deposit based on preliminary margins, the Commerce will instruct US Customs and Border to do so.
Countervailable subsidy rates of 16.56 percent for Jiangsu Zhongji Lamination Materials Co. Ltd, 28.33 percent for Dingsheng Aluminum Industries (Hong Kong) Trading Co. Ltd; 80.97 percent for Loften Aluminium (Hong Kong) Limited and Manakin Industries LLC, and 22.45 percent for all other Chinese producers and exporters.
"This is an important step to begin restoring a level playing field for US aluminum foil production, an industry that supports more than 20,000 direct, indirect and induced American jobs, and accounts for $6.8 billion in economic activity," as per Heidi Brock, president and CEO, Aluminum Association.