Wednesday, June 26, 2024
26 C
Brunei Town

UK may impose duties of up to 29 per cent on Chinese aluminium extrusions

CNA – Britain may impose anti-dumping duties of up to 29 per cent on aluminium extrusions from China to protect domestic producers, a trade agency said.

Aluminium extrusions – widely used in the transport, construction and electronics industries – are being dumped in Britain at lower prices than they are sold in China, the Trade Remedies Authority (TRA) said in a interim report.

“The TRA determined that there is already damage to the United Kingdom (UK) industry, having found clear evidence of price undercutting, indicating that UK businesses are struggling to compete with the dumped imports,” a statement said. Provisional measures will be imposed as the TRA completes its investigation, requiring Chinese companies exporting to Britain to provide a bank guarantee beginning on May 28, it added.

Duties ranging from 7.3 per cent to 29.1 per cent were recommended, depending on the company and the level of dumping margin, the interim report said.

Three companies were named – Press Metal International Group, Shandong Nanshan and Haomei Group – plus there were categories for other co-operating and non-cooperating exporters.

Press Metal International is a Chinese unit of Malaysia’s Press Metal.

Workers ride on an motor rickshaw through an aluminium ingots depot in Wuxi, Jiangsu province. PHOTO: CNA
spot_img

Latest

spot_img