Saturday, January 1, 2011

United States to China aluminum extortionate

Nanfang daily newsletter: domestic aluminum or steel pipe is crippling destiny. According to news agency reported that the United States Department of Commerce is expected on Tuesday, the import of Chinese aluminum 5.5 billion Chinese Government illegal subsidies, this may result in the next week to United States China aluminum profile implementation higher import tariffs. United States Department of Commerce, released the report, the second quarter of the United States, the import rate jumped 32%, a record since 1984 the increase of the maximum.

Preliminary tariffs levied once announced, fine results can be in a week or so. Subsequently, the Chinese aluminum profile of United States importers need to assess the delivery of customs duties in the form of cash deposit or bond. A comprehensive investigation and final determination generally consumes several months or even a year or so, the amount may vary according to the tariff determined result changes.

Each of the United States on aluminum market demand for 35.7 billion, including aluminum, door frame, bicycles and other products of the aluminum Assembly enterprises. But China is the world's largest exporter of aluminum, aluminum exports at least 2001, about 6 million tons of export volume of 10 times. 2009 u.s. aluminum market share has reached 20.1%. China manufacturers and importers that injuries United States aluminum manufacturer's weak economy is the United States, but not imports.

China aluminum manufacturer Zhaoqing new Central Asia aluminum industry co., Ltd. Shunde Kenny that represents the external consultants, the company has received from the Chinese Government grants, funds or loans, the judgment of the Chinese Government subsidies nonsense.

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