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