U.S. Aluminum Producers Step Up Calls for China Policy Probe – by Joe Deaux (Bloomberg News – September 28, 2016)


The U.S. aluminum industry’s anti-China drumbeat is gaining volume in Washington this week.

A group that represents aluminum companies is calling for a “meaningful dialogue” with Chinese authorities in a bid to end what they say are incentives and subsidies that are fueling a global glut and squeezing U.S. producers out of the market.

The Aluminum Association is pressing for a deeper investigation by the U.S. International Trade Commission into Chinese policies to save what’s left of the domestic industry, the group’s chief executive officer Heidi Brock and chairman Garney Scott said in Washington on Wednesday. They are scheduled to give testimony Thursday at a Commission hearing.

Primary aluminum production in the U.S. faces the possibility of having to shutter if prices fall below $1,528 a metric ton, according to Austin, Texas-based researcher Harbor Intelligence. Aluminum for delivery in three months settled at $1,665 on Wednesday, down about 50 percent from a 2008 high.

Other companies scheduled to give testimony include Alcoa Inc., the largest U.S. aluminum producer, and United Co. Rusal, the largest aluminum producer outside China.

For the rest of this article, click here: http://www.bloomberg.com/news/articles/2016-09-28/u-s-aluminum-producers-step-up-calls-for-china-policy-probe

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