Metals News Hubb
Advertisement Banner
  • Home
  • News
  • Metallurgy
  • Contact
No Result
View All Result
  • Home
  • News
  • Metallurgy
  • Contact
No Result
View All Result
Gourmet News Hubb
No Result
View All Result
Home Metallurgy

Brazil To Enact Import Duties On Aluminium Sheet Imports From China – Aluminium Insider

admin by admin
December 27, 2022
in Metallurgy


The Brazilian government has become the next jurisdiction to impose trade sanctions on imports of aluminium from sellers in the People’s Republic of China.

According to an announcement from China’s Ministry of Commerce late last week, the Brazilian government will begin to impose countervailing duties at the end of March on aluminium sheet products exported from China.

The Brazilian government plans to maintain the import duties for five years at levels between 14.88 percent and 14.93 percent.

The Middle Kingdom is currently the most prolific producer of aluminium, and customs records indicate that Brazil has taken in 9,520 metric tons of aluminium sheet through the first eleven months of 2022, totaling US$36.81 million. Last year Chinese producers sent 12,720 metric tons of aluminium sheet to Brazil, totaling a value of US$38.98 million.

Brazil is but the latest in a long line of countries and trade zones that have moved to limit access to Chinese aluminium exporters. Chinese aluminium producers have long been accused of receiving state support, enabling them to produce aluminium products at a much lower cost. As a result, jurisdictions around the world have seen fit to erect trade barriers to Chinese aluminium imports, accusing those importers of flooding local markets and depressing values.

Analysts say that trade barriers have done little to prompt China to reduce production, as industry experts forecast more aluminium production to come online in the coming months. Aluminium production is expected to increase in China due to relaxation of power rationing and an increase in demand by the post-COVID-19 global economy.



Source link

Previous Post

Three cathode chemistries to dominate $430bln-Li-ion market – report

Next Post

How to give new life to lithium-ion anodes

Next Post

How to give new life to lithium-ion anodes

Recommended

Aluminium Bahrain’s 2022 Bottom Line Hit Hard By Challenges To Global Market – Aluminium Insider

4 months ago

Ball Teams Up With Boomerang Water To Provide Refillable Aluminium Bottled Water – Aluminium Insider

8 months ago

Norsk Hydro Teams Up With World Wide Wind On Offshore Wind Turbine Project – Aluminium Insider

5 months ago

Alba Commissions New Online Performance System At Its Power Stations – Aluminium Insider

2 months ago

EGA To Supply Kobe Steel With CelestiAL Solar Aluminium For Nissan’s Auto Body Sheet – Aluminium Insider

5 months ago

Brazil’s miners want Europe to help fight Amazon gold havoc

4 months ago

© Metals News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • News
  • Metallurgy
  • Contact

Newsletter Sign Up.

No Result
View All Result
  • Home
  • News
  • Metallurgy
  • Contact

© 2022 Metals News Hubb All rights reserved.