In a statement, the European Commission stated, the European Union will impose duties of up to 48% on imports of aluminum extrusions from China, citing exports of the same at unfairly low prices.

According to an EU official, duties, ranging from 30.4% to 48.0%, will apply to Chinese exports of aluminum extrusions to the bloc. Since the duties are provisional, they will apply only after an anti-dumping investigation is completed. It is expected to be completed by April.

Duties will be applicable for five years.

Earlier this year in February, the European Commission had opened an investigation into the product that is widely used in transport, electronics and construction following a complaint from European Aluminum, an industry body.

China’s Guangdong Haomei New Materials Co Ltd and Guangdong King Metal Light Alloy Technology Co Ltd are slated to attract 30.4% duties while Press Metal International Ltd will see duties of 38.2%.

Other “cooperating” companies would face duties of 34.9% and material from all other companies would see charges of 48%.

Categories: Creativity, Economy & Finance, Entrepreneurship, HR & Organization, Regulations & Legal, Strategy

Tags: aluminium extrusions, anti dumping investigation, Beijing, China, Chinese, Chinese exports, duties, EU, European Aluminium, European Commission, European Union, exports, Guangdong Haomei New Materials Co Ltd, Guangdong King Metal Light Alloy Technology Co Ltd, imports, Press Metal International Ltd, provisional