EU imposes definitive anti-dumping duties on China’s aluminium converter foil
The European Commission has reportedly levied definitive anti-dumping duties, ranging from 15.4% to 28.5%, on imports of aluminium converter foil originating in the People’s Republic of China. The objective is to protect domestic companies and workers in this sector.
Aluminium converter foil, an important commodity in the European Union market with a value of 630 million Euro, is used in the packaging and electric car battery industries.
With the imposement of the tariffs, the imports of aluminium converter foil from China into the EU market will not enjoy an unfair advantage over the Union industries and will have to compete on an equal grounding.
An investigation found that China’s aluminium converter foil dumping had caused significant impacts on the EU industry; firstly, by forcing the Union industry to a loss-making price level and secondly, by losing market share. Hence, the tariffs were an important measure to defend the domestic industry.
There is also an ongoing anti-subsidy investigation for the same product. Definitive anti-subsidy measures, if any, will be published by January 2022.
Aluminium billet inventories in China grows by 13,800 tonnes this week to close at 85,500 tonnes
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