CHINA’S top aluminum foil producers are preparing a legal defense challenging a preliminary US ruling yesterday that would impose hefty penalties on imports from the world’s top producers, two sources familiar with the matter said.
Loften Aluminum, China’s top foil exporter to the United States, is joining 11 other firms to fight the ruling, the first such case since the inauguration of President Donald Trump, an official at the company said on condition of anonymity.
The China Nonferrous Metals Industry Association is leading the charge on the case, which will be filed with the US International Trade Commission, a CNIA official said.
The companies plan to launch their case this month, the Loften official said. If duties are imposed, Loften would face anti-subsidy duties on its foil sales to the US of 80.97 percent.
Among the companies involved are Dingsheng Aluminum Group, Xiashun Holdings Ltd and Jiangsu Zhongji Lamination Materials Co.
The US ruling came five months after the domestic foil industry filed a petition accusing Chinese producers of dumping the product in the country.