Loading price data
Scrap Monster
Access the
Platform
ScrapMonster has become North America's largest scrap trading platform with 100,184 members and the trusted source for scrap prices, news, and information. Join Today!
Aluminum July 21, 2022 04:20:14 PM

U.S. Urged to Ramp Up Efforts to Combat State-Owned Chinese Aluminum Output

Paul Ploumis
ScrapMonster Author
The association noted that the U.S. aluminum industry is globally competitive and growing.

U.S. Urged to Ramp Up Efforts to Combat State-Owned Chinese Aluminum Output

SEATTLE (Scrap Monster): The Aluminum Association, in its testimony before the U.S. International Trade Commission (USITC) on the economic impacts of Section 232 and Section 301 tariffs programs, urged the U.S. administration to ramp up efforts to combat state-owned aluminum manufacturing in China.

Charles Johnson, president & CEO of the Aluminum Association alleged that the rampant use of industrial subsidies in the aluminum sector by the Chinese administration has distorted the global aluminum market.

RELATED NEWS:

Talks Launched to Resolve U.S.-UK Trade Dispute Over Steel, Aluminum Tariffs

Section 232 Aluminum Tariffs Led to Significant Boost in Investment and Jobs

The association noted that the U.S. aluminum industry is globally competitive and growing. However, the industry has faced a distorted global market in recent years, driven by the unprecedented growth in subsidized and state-owned aluminum production in China.

The U.S. antidumping and countervailing duty laws have been successful to a certain extend in providing relief to the U.S. aluminum industry from unfairly priced and dumped aluminum. It highlighted the need to increase the 301 tariffs, which have played a key role in addressing state subsidized capacity. Additionally, the Section 232 tariffs have provided some level of stability for aluminum firms up and down the value chain.

The Association will submit written comments highlighting the need for stronger trade enforcement.

×