WASHINGTON - THE US Commerce Department said on Tuesday that it had found 29 Chinese companies guilty of dumping some US$500 million (S$630.5 million) worth of extruded aluminium products into the US market last year.
A department investigation concluded that the products, used in construction, vehicle parts, furniture and other goods, were being exported to the United States at roughly 33 per cent less than their fair value.
If the conclusion is upheld by the US International Trade Commission, the companies' products could be slapped with anti-dumping tariffs at that rate.
'Commerce determined that Chinese producers/exporters have sold aluminium extrusions in the United States at dumping margins ranging between 32.79 to 33.28 per cent,' the department said in a statement.
Several companies were also determined to have received significant subsidies that also merit penalty tariffs.
In 2009, China exported US$514 million worth of extruded aluminium products to the United States, falling slightly to US$503 million last year. -- AFP
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