SEATTLE (Scrap Monster): The Aluminum Association released a new white paper titled “Targeted Trade Enforcement in Action: Common Alloy Aluminum Sheet AD/CVD One Year Later”. It highlights the progress made by the U.S. common alloy aluminum sheet market after first year of publication of AD and CVD orders by the Commerce Department on imports of certain common alloy sheet imports from 16 countries.
Trade Body Launched Latest Monthly Tracking Report on Aluminum Imports
Aluminum Industry in North Amereica Witnessed Demand Surge in 2021
According to the report, imports of common alloy sheet from the targeted countries witnessed two-thirds drop between 2019 and 2021. Furthermore, it led to over $300 million in investment in the domestic market, including the $207 million upgrade of JW Aluminum’s mill in Mt. Holly, SC and $100 million investment in Arconic’s Knoxville, TN facility.
The imports of unfairly-traded sheets from these 16 countries had accounted for 62.7% of total U.S. imports in 2019. The share of imports dropped significantly to 25.2% in 2021. Also, shipments of U.S. produced common alloy sheet increased by 24.4% from 2.69 billion pounds in 2020 to 3.34 billion pounds in 2021.
Charles Johnson, president & CEO of the Aluminum Association noted that the domestic common alloy aluminum sheet market is showing signs of significant recovery one year after the trade enforcement measures were implemented.
|Copper Scrap View All|
|#1 Copper Bare Bright||3.72 (0.02)|
|Aluminum Scrap View All|
|356 Aluminum Wheels (Clean)||0.80 (0)|
|6061 Extrusions||0.71 (0)|
|Steel Scrap View All|
|#1 Bundle||350.00 (0)|
|#1 Busheling||370.00 (0)|
|Electronics Scrap View All|
|Cellular Phones||4.25 (0)|
|Computer/Server (Complete)||0.34 (0)|