The Aluminum Association has applauded the U.S. International Trade Commission (USITC) for beginning its 332 investigation into the global aluminum industry and the competitiveness of U.S. producers. The federal trade agency announced it has officially launched its investigation, “Aluminum: Competitive Conditions Affecting the U.S. Industry.” For U.S. producers, overcapacity, particularly in China, is of paramount concern […]
China Zhongwang Holdings Ltd. announced plans to spin off its industrial aluminum extrusion business through an asset swap with CRED Holding Co., a Chinese property company that is A-share listed on the Shanghai Stock Exchange. As part of the deal, Zhongwang will sell the total equity interests in Liaoning Zhongwang to CRED Holding Co. for 28.2 billion yuan ($4.3 billion), and […]
The U.S. Department of Commerce (DOC) issued its long-awaited circumvention decision in the Aluminum Extruders Council’s (AEC) petition against China Zhongwang Holdings Ltd. The AEC alleges that the company has systematically and illegally evaded duties on aluminum extrusions imported into the United States. The DOC concluded that “based on the information provided by Petitioner, the Department finds […]
The Aluminum Association reported that a group of leading U.S. manufacturing associations announced the formation of a new coalition, Manufacturers for Trade Enforcement, to oppose China’s designation as a market economy at the end of 2016. China has claimed that it should be automatically accorded treatment as if it were a market economy after the […]
July 1 – Results of Warehouse Discussion Paper and Next steps for consultation on warehouse operation, London Metal Exchange July 1 – “Glut of Chinese Goods Pinches Global Economy,” The Wall Street Journal July 7 – “Aluminum Bear Market Piles Pressure on World’s Biggest Smelters,” Bloomberg Business China, which accounts for half of the world’s […]
The Aluminum Extruders Council (AEC) posted an update on its ongoing work on the Chinese imports case, which looks to achieve and maintain the fair trade for aluminum extruders in the U.S. The announcement looks at the first annual Administrative Review, which came to an end in late 2013, as well as what can be expected […]
On November 14, 2013, the Department of Justice (DOJ) announced that Ohio-based Basco Manufacturing Co. (Basco) agreed to pay $1.1 million to resolve allegations that the company violated the False Claims Act by submitting false customs declarations to avoid paying duties on aluminum extrusions from China, which at the time were subject to combined antidumping […]
