"Anti-dumping and anti-subsidy" impacted Nanhai Aluminum drastically

(China Aluminum Network) At the beginning of September, the United States announced preliminary results of investigating on anti-dumping and anti-subsidy of China’s aluminum. Except that Guangya Aluminum and another company was willing to pay corporate tax rate of 6.18 and 10.37% respectively, the other companies were ruled to pay punitive tax rate of 137.65%.

As for Nanhai Aluminum with production capacity accounting for one third of China’s total production, It was indeed a big hit. Officials from Guangya Aluminum said that before the investigation of anti-dumping and anti-subsidy, the goods exported to UAS excluded cost of freight, and it was between 3600 dollars and 3800 dollars per ton. It was estimated that agent could get 30% to 50% profit. Given added 137.65% tax of anti-dumping and anti-subsidy, it was at least 8500 dollars one ton. The price can’t survive in American market. If the final rule didn’t decrease of the tax rate of anti-dumping and anti-subsidy, we would have given up American market.

But also some insiders said the United States was not the last leg of “ anti-dumping and anti-subsidy”. Nanhai Aluminum should accelerate its industrial upgrade and integrate with international pace so as to win favorable position in the battle of trade protection relying on excellent service and products.

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