China's aluminum industry has won a full victory in Brazil's anti-dumping defense against aluminum sheet, strip and foil.

Published: Jan 29, 2022 15:20
The Brazilian government issued a final announcement on January 28, 2022, deciding to close the anti-dumping investigation of aluminum plate, strip and foil against China without measures. [China's aluminum industry has won a full victory in the defense against Brazilian aluminum sheet, strip and foil] the Brazilian government issued a final announcement on January 28, 2022. The Chinese side finally won a comprehensive victory through an industry harmless defense that lasted for more than a year and a half. This is another victory for China's aluminum industry in the past six months, following the case of aluminum foil safeguard measures in Thailand. It has not only effectively safeguarded the interests of export enterprises, but also encouraged and inspired the confidence and confidence of industry enterprises to deal with trade frictions.

The Brazilian government issued a final award notice on January 28, 2022, deciding that there was no measure to close the anti-dumping investigation of aluminum sheet, strip and foil against China. The Chinese side finally won a comprehensive victory through an industry harmless defense that lasted for more than a year and a half. This is another victory for China's aluminum industry in the past six months, following the case of aluminum foil safeguard measures in Thailand. It has not only effectively safeguarded the interests of export enterprises, but also encouraged and inspired the confidence and confidence of industry enterprises to deal with trade frictions.

On July 29, 2020, the Brazilian government announced the launch of an anti-dumping investigation against China's aluminum sheet, strip and foil. During the investigation period, China exported about 100000 tons of products involved in the case to Brazil, accounting for less than 3 per cent of the global total. Although the trade volume is small, Brazil is the largest economy in Latin America and plays the role of a weather vane. The China Nonferrous Metals Industry Association attaches great importance to it and responds quickly, actively organizing key enterprises involved in the case to carry out no-damage defense in the industry. Under the guidance of the Trade Relief Bureau of the Ministry of Commerce and the support of the local commerce department, industry associations, backbone enterprises and the team of lawyers have formed a joint force. by defending the scope of the products involved, expounding the market economy status of China's aluminum industry, analyzing the subdivision of products, commenting on the impact of public interest, and putting forward price commitment plans, a large number of defense materials were submitted and communicated extensively and effectively with the investigation authorities. During this period, the China Nonferrous Metals Industry Association took the initiative to communicate with trade associations, production enterprises, importers and other stakeholders in the complaining country, and Deputy Secretary Fan Shunke led a team to conduct many in-depth and friendly consultations with Pakistan in an effort to increase trust and dispel doubts and actively seek appropriate solutions. In responding to the lawsuit, based on the core of the investigation, we worked steadily and steadily, successively achieved phased achievements such as excluding aluminum-plastic composite panel products, narrowing the scope of the products involved, revising the list of sampling enterprises, adopting preliminary comments, not taking temporary restrictive measures, not disclosing in verification, correcting audio-visual hearings, and so on, and finally won the case in an all-round way.

Henan Zhongfu Industrial Co., Ltd., Jiangsu Dingsheng New Energy Materials Co., Ltd., Luoyang Longding Aluminum Co., Ltd., Yantai Donghai Aluminum foil Co., Ltd., Chinalco Ruimin Co., Ltd., Jiangsu Chang Aluminum Group Co., Ltd., Yinbang Metal Composite Co., Ltd., Henan Wanji Aluminum Co., Ltd., Wenzhou Jixiang Board Industry Co., Ltd. and other enterprises participated in the industry defense. Beijing UBS Law firm and its Brazilian Cooperation Law firm were employed to represent the case and undertake the legal work of pleading. In the work of responding to the lawsuit, the China Nonferrous Metals Industry Association took the lead in organizing, coordinating and coordinating, and all parties cooperate with each other and bear their own responsibilities, effectively giving full play to the advantages and role of the "four-body linkage" working mechanism.

In the face of the increasingly complex international situation and the increasing incidence of trade frictions, Chinese aluminum enterprises should clearly recognize the long-term nature and complexity of various unfavorable factors, and properly prepare to deal with the normalization of trade frictions. the most important thing is to do our own thing; the China Nonferrous Metals Industry Association will continue to adhere to the work of dealing with trade frictions and go all out to help enterprises create a fair trade environment with laws and facts.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution
22 hours ago
Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution
Read More
Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution
Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution
Federal Reserve Governor Milan pointed out that it is necessary for the US Fed to cut interest rates by more than 100 basis points this year. At the same time, he is very much looking forward to the performance of Kevin Warsh as Fed Chairman. However, Richmond Fed President Barkin emphasized that monetary policy must remain cautious until inflation fully pulls back to the target level, thereby ensuring the stability of the labour market.
22 hours ago
Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation
22 hours ago
Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation
Read More
Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation
Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation
All 11 Democratic members of the US Senate Banking Committee jointly sent a letter to the committee's chairman, Tim Scott, requesting that all nomination processes for the prospective Fed Chairman, Kevin Warsh, be postponed until the criminal investigation into current Fed Chairman Powell and other board members is concluded. However, Scott stated that Warsh's confirmation was a done deal.
22 hours ago
Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027
22 hours ago
Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027
Read More
Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027
Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027
The US Fed has announced that it will maintain the capital levels of large banks unchanged during the upcoming stress test cycle (corresponding to the 2026 cycle). At the same time, the US Fed is planning multidimensional reforms to this annual test, aiming to enhance its transparency. The US Fed's Vice Chair for Supervision, Bowman, revealed that adjustments to the stress capital buffer requirements for large banks will be postponed until 2027. This move is intended to provide the US Fed with sufficient time to evaluate potential flaws that may be exposed in its testing models when assessing banks' financial conditions under simulated economic downturn scenarios.
22 hours ago