US aluminum extruders hailed the second decision by the US government imposing duties on aluminum extrusions from China. But they were cautious inpredicting to what extent the duties would translate into actual orders.
The US Department of Commerce on October 28 said it found that Chinese aluminum imports are being sold in the US market at less than fair value, at amargin of 59.31%. This dumping margin applies to all Chinese exporters ofaluminum extrusions.
US importers of aluminum extrusions from China will now be required topost a bond or pay cash deposits of 59.31% of the value of the imports at thetime of entry. This is in addition to any estimated countervailing duties owedon the entries. On August 31, Commerce said it calculated subsidy ratesranging from 6.18%-137.65% of the entered value of the merchandise.
Commerce initiated this investigation in April based on a petition filedin March by the US Aluminum Extrusions Fair Trade Committee, a coalition ofdomestic manufacturers of aluminum extrusions, and the United Steel, Paper andForestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union. The committee and its supporters account for about 80% of production in the US aluminum extrusions industry, and additional companiesare continuing to sign on to support the effort, according to a statement byKing & Spalding, lead counsel to the committee.
The antidumping rate Commerce found was higher than the 33.14% rate theUS industry alleged in its petition.
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