Reddit icon
Technorati icon
e-mail icon
Twitter icon
Facebook icon
Google icon icon
Digg icon
LinkedIn icon

US finds Chinese dumping aluminium products

The US Commerce Department said Tuesday that it had found 29 Chinese companies guilty of dumping some USD$500 million worth of extruded aluminum products into the US market last year, according to an AFP report.

A department investigation concluded that the products, used in construction, vehicle parts, furniture and other goods, were being exported to the United States at roughly 33% less than their fair value.

If the conclusion is upheld by the US International Trade Commission, the companies' products could be slapped with anti-dumping tariffs at that rate.

"Commerce determined that Chinese producers/exporters have sold aluminum extrusions in the United States at dumping margins ranging between 32.79 to 33.28%," the department said in a statement.

Several companies were also determined to have received significant subsidies that also merit penalty tariffs.

In 2009, China exported $514 million worth of extruded aluminum products to the United States, falling slightly to $503 million last year. – Source: AFP