The Trade Remedies Authority (TRA) opened an antidumping investigation in June 2021. The investigation coated aluminium bars, rods, profiles, tubes and pipes that entered the UK market throughout the investigation interval.
The TRA has now discovered that the merchandise underneath investigation have been offered into the UK market at costs beneath regular worth, and that the dumping has triggered harm to UK producers. Therefore, the TRA has pre-disclosed on May 20, 2022 its intention to impose provisional antidumping duties ranging between 9.5% and 128.2%.
“The TRA’s decision to impose provisional antidumping duties on Chinese aluminium extrusions comes as a welcomed corrective measure, aiming to restore fair competition and a level playing field in the UK market,” mentioned Paul Warton, Executive Vice President and Head of Hydro Extrusions.
The provisional duties are anticipated to enter into drive on May 28, 2022, however the TRA’s investigation will proceed and the ultimate choice is anticipated to be made inside 6 months. At that time, the tariffs could also be confirmed as definitive or modified and the tariffs are usually in place for five years.
Hydro continues to work intently with the TRA to obtain a good closing choice.
About Hydro Extrusions
Part of the Norway-based Hydro group, Hydro Extrusions is a world-leading aluminium extrusion enterprise counting round 100 manufacturing websites in 40 nations and using 21,000 individuals. Through our distinctive mixture of native experience, international community, and unmatched R&D capabilities, we are able to provide all the things from normal profiles, to superior growth and manufacturing for many industries.
Norsk Hydro : United Kingdom to impose antidumping duties on aluminium extrusions from China & More Latest News Update
Norsk Hydro : United Kingdom to impose antidumping duties on aluminium extrusions from China & More Live News
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Norsk Hydro : United Kingdom to impose antidumping duties on aluminium extrusions from China & More News Today
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