Cheap Chinese aluminium is back! And it’s targeting Europe’s weakest link
When Romanian aluminium producer Alro sounds the alarm, it’s not just about Romania. It’s a signal to the entire European industrial complex: brace for a flood of cheap Chinese aluminium — and brace fast.
In a pointed public statement, Alro Chairman of the Board of Directors, Marian Năstase, warned of an imminent danger from Chinese aluminium imports priced below the cost of production. His message? Europe is sleepwalking into industrial decline while China quietly eats its lunch.
“The [trade war] affects us, most of all, not necessarily because we cannot sell more on the American market, but because we will be invaded by goods from Asia, mainly Indonesia and China, which will come and suffocate the European market, no longer being able to go to the United States,” he shared at an energy sector conference and was quoted by Economica.net.
Unlock full access – sign up for FREE.
Key benefits
China's unwrought aluminium and aluminium semis exports by month
Next articleChina Hongqiao’s debt-to-EBITDA nears 1x, responded with credit upgrade
Grow with
AL Circle
