EU sets provisional tariffs on aluminium flat-rolled products from China
Following the preliminary investigation, the European Union has set provisional tariffs on aluminium flat-rolled products from China, as it was established they were being sold into the syndicate at artificially low prices.
On 12th March 2021, the EU’s official journal stated that the European Commission has set duties of between 19.3% and 46.7%. The Commission administers trade policy in the 27-nation European Union.
Jiangsu Alcha Aluminium Group Co. will encounter duties of 28.3%, while the lowest rate will apply to companies of the Nanshan Group, such as Shandong Nanshan Aluminium Co.
On 13th March 2021, anti-dumping duties will be applied, while the investigation will pursue. However, in October 2021, it is due to accomplish, when tariffs may be set for five years.
As per the present investigation data, reveals Chinese exporters inflated their share of the EU market from 6.2% in 2017 to 11.2% in the investigation period from mid-2019 to mid-2020, while prices diminished by 9%.
The Commission’s investigation discovered that during the same phase, EU producers turned from being profitable into making losses.
The investigation was initiated post a complaint from the members of the trade association European Aluminium.
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