This morning in metals news, the Department of Commerce issued an affirmative determination its investigation of imports of common alloy aluminum sheet from China, China boasted strong October exports despite the U.S. tariffs, and aluminum prices are too low for such a tight market, according to analysts.
DOC Rules on Common Alloy Aluminum Sheet
The U.S. Department of Commerce announced a final affirmative determination in its anti-dumping and countervailing duty investigations of imports of common alloy aluminum sheet from China.
The case is particularly notable because it marked the department’s first self-initiated investigation since 1985.
China October Exports Chug Along
According to Reuters, China posted higher-than-expected exports to the U.S. in October.
The U.S. announced tariffs on Chinese goods worth about $200 billion in September at a rate of 10%, but that rate is set to jump to 25% in January.
A Tight Aluminum Market
According to another Reuters report, prices are too low for what is in fact a tight aluminum market.
Citing analysts, the report states approximately 40% of the world’s aluminum production is losing money.