US Initiates Anti-Dumping and Anti-Subsidy Investigations on Chinese Aluminum Extrusion

SHANGHAI, Sept. 13 (SMM) -- Previously on 21 April 2010, the US Department of Commerce announced anti-dumping and anti-subsidy investigations on China's aluminum extrusion. The preliminary determination of the anti-subsidy investigation released by the US government on September 7th showed that three enterprises, including China Zhongwang Holdings Limited, will be subject to a punitive tariff of 137.65%, while other enterprises which cooperated with the US government's request for information will receive punitive tariffs of 6.18%-10.37%.  Market players predict the preliminary determination of the anti-dumping investigation will be announced sometime in  October 2010.

The US Department of Commerce announced anti-subsidy punitive tariffs of 6.18%-10.37% for some of the voluntary respondents, and is much lower than the rates imposed on China Zhongwang Holdings Limited and the other two companies. According to market insiders, although export profits from aluminum extrusion are not very high, the rate of 6.18%-10.37% will not significantly reduce China's exports of aluminum extrusion to the US.  In this context, market players are not very pessimistic with regard to the still unannounced anti-dumping punitive rates for Chinese aluminum extrusion exporters.  If the final anti-dumping and anti-subsidy punitive tariffs are within 20%, SMM believes Chinese enterprises can still afford to export aluminum extrusion even though exports to the US will be largely restricted.

Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn