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25 MARCH 2020 AL CIRCLE

European Aluminium shows dis-satisfaction against the US anti-dumping investigation targeting certain European countries

EDITED BY : RUPANKAR MAJUMDER 2MINS READ

European Aluminium sincerely regrets the US anti-dumping investigation into common alloy aluminium sheet from Croatia, Germany, Greece, Italy, Romania, Serbia, Slovenia, Spain and Turkey.

European Aluminium regrets US investigation

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European Aluminium oppose the injurious dumping and subsidisation allegations and strongly urges the US authorities not to impose additional trade barriers but rather to work together with the European Commission to address subsidised Chinese overcapacity. This is the root cause of the challenges faced by the aluminium industries in Europe and the US.

Gerd Götz, Director General of European Aluminium said: “We are very concerned about the possibility of having additional trade barriers between the US and Europe. Instead of imposing additional duties on each other, we should work together to address the root cause of the challenges faced by the aluminium industries on both sides of the Atlantic, namely the growing subsidised excess capacity of aluminium in China. Additional duties will be yet another blow to European producers, who already are under immense pressure from unfairly priced exports of aluminium products from China, the US duties on aluminium imports from Europe, and now the impact of the COVID-19 crisis.”

Since the US decision to implement a blanket tariff on all aluminium imports to the US in March 2018 (the so-called Section 232 tariffs), Europe finds itself increasingly squeezed between the US and China.

In the transatlantic relations, European Aluminium urges both sides to continue to strive for good cooperation between its industries that are closely connected. European Aluminium, therefore, reiterates its call to the US not to adopt additional barriers.

Global Aluminium Industry outlook 2020

Gotz concluded: “Europe has always provided the US with a trusted and stable supply source for aluminium. We look forward to a fact-based investigation because we strongly believe that the petitions filed against European countries are not justified.”

The US International Trade Commission started the investigation on 9th March’ 20 following a petition filed by five US aluminium producers.


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EDITED BY : RUPANKAR MAJUMDER 2MINS READ

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