US industrial policy needs to be systematic, not just ad hoc – Part 1
Our current approach can win economic skirmishes, but not the geopolitical conflict. – Part 1 After decades during which the very concept was taboo and the reality swept under the rug, the US has now rediscovered industrial policy. But this rediscovery remains incomplete, as too much of it is...
US-Canada trade conflict widens as Canada hits US aluminium imports with 50% tariffs
Canada's retaliatory tariffs on US goods, including aluminium and steel products, take effect as Washington intensifies pressure on Canadian industry. Canada is escalating its trade confrontation with the United States, imposing tariffs of up to 50 per cent on US imports worth CAD 27.6 billion (USD...
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India levies Anti-Dumping and Allied Duties on Chinese aluminium radiators
<p>The Directorate General of Anti-Dumping and Allied Duties (DGAD) in India, a wing of the Commerce Ministry has released the final findings of the anti-dumping investigation on the dumping of aluminium radiators of various types to be used in the automotive sector.</p> <p><img...
Week in Review: top newsmakers from the downstream aluminium sector
<p>Foreign trade update, merger & acquisition, divestments and anti-dumping regulations have made news headlines in this week’s downstream aluminium sector. China with its cheaper aluminium export has continued to create tension in the U.S., Europe and India. The country however has...
India considers anti-dumping duty on aluminium foil import from China
<p>Indian government is considering the possibility of imposing anti-dumping duty of up to USD 1.63 per kg on imports of aluminium foil in order to protect domestic manufacturers from cheap imports from China. Hindalco Industries, Raviraj Foils, and Jindal India have registered an application for...
China fears AD/CVD petitions may damage trade relations between China and the U.S.
<p>China has responded to the filing of antidumping and countervailing duty (AD/CVD) petitions by the Aluminium Association’s Trade Enforcement Working Group against Chinese aluminium foil product exporters. On Friday, March 10, the country urged the United States to act wisely on the...
Government mulls “further steps” for survival of aluminium industry
<p>Indian government said yesterday that the centre is considering taking further actions in order to protect the interests of the domestic aluminium industry without affecting the interests of downstream industries.<br /><br /><img style="vertical-align: middle; display: block; margin-left: auto;...
EU continues to impose aluminium wheel duties, China believes unfairly blamed
<p>The European Commission has decided to continue to impose a 22.3 per cent anti-dumping duty on imports of aluminium wheels from the Peoples’ Republic of China. The anti-dumping duty is on original equipment and aftermarket wheels.<br /><br /><img style="vertical-align: middle; display:...
Bosnian smelter proposes government to abolish import tax on unalloyed aluminium
<p>Bosnian aluminium smelter Aluminij on Monday, February 6, proclaimed that the company has proposed to the state-level government to put an end to the import tax on unalloyed aluminium in order to reduce cost of production and boost productivity.</p> <p><img style="vertical-align: middle;...
India considering measures to combat cheap aluminium imports
<p>Piyush Goyal, Power, Coal and Mines Minister of India said at an industry event on Friday, February 3, that the government is considering taking measures on imposing of anti-dumping duties or minimum import price to combat rising imports of downstream aluminium products in India.</p> <p><img...
Ikea loses bid for reconsideration of duty on its aluminium products imported from China
<p>A Court of International Trade judge on Tuesday, January 31 declared that Swedish home furnishings retailer Ikea Supply AG cannot be exempted from paying tariffs for its imported aluminium towel racks and cabinet handles.</p> <p><img style="vertical-align: middle; display: block; margin-left:...
$25 million worth of aluminium seized by U.S. customs officials in relation to unlawful shipping
<p>According to a Wall Street Journal report, $25 million worth of aluminium has been seized by U.S. customs officials. As sources says the stockpile may be linked to a Chinese billionaire accused of dumping cheap aluminium across the world.<br /><br />This is a significant step taken by federal...
AEC Applauds U.S. trade representative’s decision to help protect the U.S. aluminum industry
<p>The Aluminum Extruders Council (AEC) announced its strong support for the new trade enforcement action against the People’s Republic of China announced today by the United States Trade Representative (USTR). The action seeks to have the World Trade Organization (WTO) address U.S....
U.S to file WTO complaint against Chinese aluminium subsidies
<p>The Obama administration is expected to file a complaint on Thursday with the World Trade Organization (WTO) against China over aluminium subsidies, as reported by Wall Street Journal on Wednesday.<br /><br />The world's two largest economies are expected to affect by the WTO complaint, since...
SMM details new tariff on downstream aluminium products in 2017
<p>Shanghai Metals Market has compiled the new tariff on aluminium products for 2017- both import and export- to present a clear picture of the revised duty adjustment. The products covered are refined aluminium- alloys, aluminium bars and rods- not alloyed, aluminium bars and rods of aluminium...
Primary producers continue with their plea for MIP imposition and removal of inverted duty
<p>After the Directorate General of Safeguard Duty, India has recently rejected the plea by the primary producers to impose extra duty on imports of 'Unwrought Aluminium (Aluminium not alloyed and Aluminium alloys) citing that there is no immediate threat of "serious injury" to the domestic...
Huge aluminium stockpile from Mexico reaches Vietnam
<p>Giant stockpile of aluminium, which until a few months back was lying almost hidden under plastic wraps in a remote Mexican desert, has been shipped to a port in southern Vietnam, report sources aware of the matter. According to shipping records, the stockpile is estimated to weigh around...
India's engineering consultant recommends imposition of 15% MIP on aluminium
<p>Mecon, India's leading engineering consultant, has recommended imposition of minimum import price (MIP) on primary aluminium products. The firm submitted its report stating its findings and recommendations to the Aluminium Association of India last week. <br /><br />Mecon was appointed by the...
India aluminium industry submits budget wish list, seeks duty rejig
<p>In a recent submission to the government, the domestic aluminium industry body has sought supportive measures in the next Union budget, including increase in basic customs duty on aluminium products from 7.5 per cent to 15 per cent to check rising imports and reduction of clean energy cess on...
Trump effect to hurt Gulf aluminium producers' margins rather badly
<p>Primary aluminium producers in the Gulf region are looking at strategies to cut costs heavily as they find it difficult to cope with the rising global aluminium glut and protectionism under a new U.S. presidency, reported industry sources. All five Gulf aluminium producers namely, Emirates...
