SHANGHAI, Apr 8 (SMM) – China’s overall exports of aluminium wire and cable did not fall sharply from a year ago amid the US’ ongoing countervailing duty (CVD) investigation of such imports from China.
On April 2, the US Commerce Department announced its preliminary affirmative determination in its CVD investigations of imports of aluminium wire and cable under HTSUS subheadings 8544.49.9000 and 8544.42.9090 from China. As a result, subsidy rates for Chinese aluminium wire/cable exporters and suppliers ranged from 11.57% to 164.16%.
The Commerce Department is scheduled to issue its final CVD determination on August 13 and the International Trade Centre (ITC) will make its final determination on September 26.
China is the top exporter of aluminium wire and cable to the US. The ongoing CVD investigation appeared to have little impact on China’s exports of such materials as Chinese exporters tapped other markets, such as South-east Asia and Africa. SMM expects China’s exports of aluminium wire and cable to grow in 2019.
In December 2017, Chinese materials accounted for 46% and 53% of the total imports under HTSUS subheadings 8544.49.9000 and 8544.42.9090, respectively, according to data provider Datamyne.
About 43,000 mt of Chinese aluminium wire and cable entered the US in 2017, accounting for 21% of China’s total exports of 203,000 mt.
Data from the US Commerce Department showed that China’s aluminium wire/cable exports to the US grew at a compound annual rate of 23% in 2015-2017.
