Mexico and Argentina take different AD actions on Chinese aluminium products
Mexico and Argentina are moving in different directions on aluminium imports from China. Mexico has imposed a new anti-dumping duty on aluminium bars, rods and profiles, while Argentina has dropped its existing anti-dumping order on certain aluminium tubes. Mexico has issued an anti-dumping duty...
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...
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Aluminum Association bemoans China's removing aluminum duties
The Aluminum Association, Arlington, Virginia, has expressed disappointment in China’s Ministry of Finance’s decision to eliminate the 15 percent export duty imposed on aluminum rods and bars, both alloy and nonalloyed, as well as certain primary alloys. In a statement, the association, which...
Rusal predicts that Chinese aluminium oversupply might end soon
Rusal, the world’s largest aluminium company, predicts that China’s overproducing trend in aluminium may finally come to an end. China saw a boom in exports by 49% in the first quarter but because the price arbitrage has become a lot less attractive, the exports are likely to fall soon according...
AEC expresses concerns over Chinese Government’s change in export duties of downstream aluminum products
The Aluminum Extruders Council (AEC) released the following statement on China’s decision to remove export duties on several downstream aluminum products. Jeff Henderson, AEC Director of Operations, and director of the Council’s Fair Trade Committee remarked: “The decision by the Chinese Government...
Kenanga maintains "Outperform" on Press Metal
China’s government would remove export taxes on bars and rods of primary aluminium and aluminium-alloy from May 1, 2015, according to China daily. Kenanga Research said this would have a negligible impact on Chinese exports and aluminium premiums in Europe and US in the near term. It explained that...
Solomon Islands to impose 20% export duty on bauxite shipments
At the Public Accounts Committee (PAC) hearing, the Permanent Secretary (PS) for Ministry of Finance & Treasury (MoFT) of Solomon Islands has announced that the export duty on bauxite shipments will be raised by 20%. The statement was in response to the question posed by the Chairman Rick Hou...
China will remove exports taxes on rare earths, aluminium rods and bars on May 1
China will remove taxes on exports of rare earths, ferroalloys, tungsten, molybdenum and indium from May 1, the Ministry of Finance said in a statement on Thursday. The Ministry of Commerce had earlier flagged that taxes on rare earths would be scrapped from May. China will also remove taxes on...
Power tariff cuts to benefit Xinjiang aluminum smelters
Xinjiang decided to cut power tariffs by an average 0.093 yuan (1.5 cents)/Kwh for local industrial and commercial power users, starting on April 15, 2015, China Securities reported. The cut is more than five times sharper than the national average cut of 0.018 yuan/Kwh. Rich coal resources allow...
Power tariff cuts to slow retirement of China high-cost aluminum capacity
China’s State Council decided last week to cut power rates for industrial and commercial users by an average 0.018 yuan ($0.00294)/Kwh. Some 70% of China’s operational aluminum capacity relies on captive power plants and are thus unaffected by these tariff adjustments, SMM understands. Smelters...
BIR releases Non-Ferrous World Mirror-March 2015
The Bureau of International Recycling (BIR) has released the Non-Ferrous World Mirror for the month of March this year. India reduced the Special Additional Duty on imports of copper , brass and aluminium from 4% to 2%. The announcement was made during the budget presented in Parliament recently....
Pakistani producers urge FBR to repeal duty on aluminium scrap import
Pakistan’s engineering firms have urged the federal tax authority to repeal of the five percent regulatory duty paid on the import of aluminium waste and scrap as it is adversely affecting the local industrial production. In a letter to the Chairman Federal Board of Revenue, Tariq Bajwa, the...
Import duty on raw material raises cost of products
The imposition of 5 to 15 per cent import regulatory duty on a number of items used as raw material by local manufacturers has increased the cost of finished products. Talking to Dawn, Zeeshan Merchant, former secretary-general Karachi Tax Bar Association (KTBA), said though the SRO 131(1)/2015...
ADC completes inquiry into anti-circumvention activity in relation to aluminium extrusions
The Anti-Dumping Commission (“ADC”) has completed its inquiry into the alleged anti-circumvention activity of five importers (“Importers”) of aluminium extrusions exported by Pan Asia (“Goods”), which have allegedly avoided the intended effect of the duty imposed on certain aluminium extrusions...
MRAI: Custom duties weigh heavily on scrap sales
Starting with customs duties paid for inbound scrap, metals recyclers and producers in India say their industry cannot gain momentum or even operate profitably until the government reconsiders its policies. Throughout two days of programming at the 2015 Metal Recycling Association of India (MRAI)...
Indian Govt to look into import duty on scrap, FTAs
The mines ministry will look into the issue of import duty on scrap, special additional duty and trade pacts with countries, Union minister Vishnu Deo Sai said on Thursday. The Metals Recycling Association of India said that metal recycling has been badly affected by heavy import duty, special...
Anti-dumping case on Hyundai cast aluminium alloy wheels
The Madras high court has declined to terminate the investigation against car major Hyundai Motors India Ltd in connection with imposition of anti-dumping duty on import of cast aluminium alloy wheels from China, Korea and Thailand. Justice V. Ramasubramanian dismissed four petitions from Hyundai...
Qiya Aluminium Electricity Co. to increase production
The administrative chief of Xinjiang Qiya Aluminium Electricity Co. announced on Sunday that they will be ramping up their production in 2015 doubling its current annual capacity to 800,000 tonnes. Located in the Jimusaer County in Xinjiang, the company can take advantage of the abundant coal...
Revocation of Chinese export duty on aluminium rods unlikely to raise exports
Chinese aluminium market players when contacted for information revealed that they expect the government will revoke the 15% provisional export duty imposed on aluminium non-alloy rods. This of course creates an opportunity for the exports to boom but removal of export duty alone cannot aid the...
China aluminum-foil makers face threat of wider EU duties
The European Union threatened to widen tariffs on heavy rolls of aluminum foil from China, highlighting the Chinese challenge to manufacturers in Europe. The EU began an inquiry into whether Chinese exporters of aluminum foil in rolls weighing more than 10 kilograms (22 pounds) and with a thickness...
