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On October 28, the United States made another preliminary anti-dumping ruling, and all the companies involved were ruled for 59.31% anti-dumping duties. The results of the countervailing preliminary ruling announced in August 31 last year only found that the countervailing duties of the two responding enterprises were 6.18% and 10.37%, and other enterprises were as high as 137.65%.
"This is a very scary number." On December 1, Hua Chang Aluminum's export manager He Qiao was very worried about this. According to the current situation, if Chinese aluminum companies want to export to the United States, they need to accept the superposition of two tax rates. Except for Guangya Aluminum and New Central Asia Aluminum, all Chinese aluminum companies must accept a tax rate of 196.96%; even the best-paid Guangya Aluminum industry needs to accept a tax rate of at least 65.49%. Tax rate, who dares to export?"
"The whole army is annihilated" prophecy has come true
The US “double-reverse†investigation of Al-Aluminum extruded materials announced the results of the preliminary ruling on August 31 and October 28. After the preliminary results of the “double-reverse†investigation were released, the industry predicted that the US market for Fo aluminum enterprises might be all-armed. Overturned.
Unexpectedly, the predictions of the industry after 60 days finally came true. According to the data of Foshan Import and Export Fair Trade Briefing, after the anti-subsidy preliminary ruling results were announced, the aluminum extrusion materials involved in the US export in September decreased rapidly from 3,117 tons in August to 1,203 tons, a drop of 61.4%; In the month, exports to the United States fell to 1,150 tons, down 4.4%. In just two months, the scale of aluminum extrusion materials involved in the export of Foshan to the United States has dropped by nearly two-thirds.
Currently, export data for November remains to be counted. However, the relevant person in charge of Foshan Foreign Trade and Economic Cooperation Bureau said that according to the anti-dumping duty of 59.31%, it is expected that Foshan's aluminum extrusion materials exported to the United States will continue to shrink under the weight of high tax rate and be forced to abandon the US market.
The changes in the US market after the initial ruling were very similar to the Canadian experience of more than a year ago. In February 2009, after the Canadian “double-reverse†case was decided, from January to September 2009, Foshan’s cumulative export of aluminum profiles to Canada was less than 400 tons, which fell by 92.5%, which is only equivalent to the export volume of the previous month.
US anti-dumping bans Chinese aluminum products for export to other countries or follow suit
Since the US “A Double Reverse†preliminary ruling on the aluminum extrusion material on August 31 this year, Foshan’s aluminum exports to the United States began to shrink rapidly. The export volume of aluminum enterprises from August to October was 3117 tons and 1,203 tons respectively. 1,150 tons, exports in August have dropped by 2/3 compared with August. "This number will also decrease month by month until it reaches zero." On December 1, Ding Dan, head of Xingfa Aluminum's export department, said that the August-October export was only affected by the anti-subsidy preliminary ruling. At the end of October, the anti-dumping preliminary ruling, the two tax rates increased, "export means loss."