India makes affirmative final AD ruling on aluminum foil from 4 countries
Views : 138
Update time : 2021-06-23 17:33:46
On June 18, 2021, the Indian Ministry of Commerce and Industry announced that it has made an affirmative ruling of anti-dumping (AD) on aluminum foil 80 microns and below originating in or exported from China, Thailand, Malaysia, and Indonesia, and the AD duty rate was set at 398.45%-976.99% on China, 93.53%-339.93% on Thailand, 850.45% on Malaysia, and 422.28% on Indonesia.
The products involved are under HS code heading 7606.
The original AD investigation was launched on June 20, 2020, following the request filed by Indian domestic enterprises Hindalco Industries Ltd., Raviraj Foils Ltd., and Jindal India Ltd.
According to market participants in India, the AD imposition on aluminum foils will not affect the supply gap as the domestic industries have been expanding production capacity recently so that the domestic production capacity is ample to meet demand.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
