LeapZipBlog: venynx's blog: Aluminum Industry Testifies on Final Phase of Aluminum Foil Imports Investigation

Aluminum Industry Testifies on Final Phase of Aluminum Foil Imports Investigation

September 5, 2018 by venynx  

Aluminum Association President and CEO Heidi Brock, along with industry leaders, testified today before the U.S. International Trade Commission on the antidumping and countervailing duties investigation on Chinese aluminum foil imports on Thursday. “The relief we seek will help ensure that the U.S. aluminium expanded mesh suppliers foil industry can compete fairly in the U.S. market,” Brock said in her testimony. “The Aluminum Association is committed to combating unfair trade practices that impact our industry while we strive for a level playing field. The U.S. government must enforce its trade rules so that companies can continue to innovate, invest and grow with confidence in the United States.” Read the full testimony here. The Aluminum Association’s Trade Enforcement Working Group filed petitions requesting the initiation of anti-dumping and countervailing duty (AD/CVD) investigations in March of 2017 against the import of aluminum foil products from China – the first such action in the association’s 85-year history. Lee McCarter and Chester Roush of JW Aluminum Company; Beatriz Landa of Novelis; Murray Rudisill of Reynolds Consumer Products; and Holly Hart of United Steel Worker shared details on how Chinese aluminum foil imports have impacted U.S. producers and threatened a key market in the U.S. economy. The U.S. aluminum industry supports 161,000 direct jobs and more than 700,000 jobs when indirect and induced impacts are considered. U.S. aluminum foil producers generate around $6.8 billion in total economic activity – and support more than 20,000 direct, indirect and induced American jobs. Further, the industry creates $75 billion in direct economic impact and $186 billion in total impact, around 1 percent of U.S. GDP. The industry has been operating in a very challenging environment for a number of years largely because of Chinese overcapacity distorting the marketplace.