Muscat: The United States imposed new fees of $2 billion on aluminium coil products coming from 18 countries, including India, Turkey, Germany and Italy, and the list did not include Russia, China or Canada.
This came according to what US Commerce Secretary Wilbur Ross said, on Friday, during an interview with "Fox News."
The list of countries that will be subject to the fees includes Germany, Bahrain, Oman, Brazil, Croatia, Egypt, Greece, India, Indonesia, Italy, Romania, Serbia, Slovenia, South Africa and South Korea, Spain, Taiwan and Turkey. The petitions were filed by the Aluminium Association Common Alloy Aluminum Sheet Trade Enforcement Working Group, whose members are Aleris Rolled Products, (Beachwood, Ohio), Arconic, (Bettendorf, Iowa), Constellium Rolled Products Ravenswood, (Ravenswood, W.Va.), JW Aluminium Company (Daniel Island, S.C.), Novelis Corporation (Atlanta), and Texarkana Aluminum, (Texarkana, Texas).
The US Secretary of Commerce added that the fees will be imposed immediately on countries including Germany and Bahrain, while the US International Trade Commission will issue its final decision in February 2021, according to Reuters.
Last March, the US Commerce Department launched an investigation into possible dumping by 18 countries in the US aluminium market. The ministry also examined whether 4 countries from this list illegally subsidise their exports.
While Russia is not included in the list, which was announced by the US Secretary, despite the fact that 'Rusal' is one of the leading companies in the world. In 2019, it accounted for 5.9 per cent of global aluminium production, and the company is present in 20 countries and employs about 64,000 people.