US Aluminium Industry with Good Results in 2017 – Dependency on China Imports Raises Questions
This uptick in imports is being driven in large part due to aluminium overcapacity in China. In that same 5-year period, Chinese imports of semi-fabricated products increased more than 228 %. According to the latest industry data, Chinese primary aluminium capacity grew by 9 % in 2017 while capacity in the rest of the world declined by about 0,5 %. Chinese primary aluminium capacity exceeded production by more than 9 Mt last year – which is five times all existing capacity in USA.
Heidi Brock, President and CEO of the Aluminium Association: “Ultimately, we favour a negotiated, enforceable government-to-government agreement with China on overcapacity. We look forward to working with the President on a final decision that helps support continued growth in the US aluminium industry”.
The US aluminium industry helps manufacturers produce sustainable and innovative products, including more fuel-efficient vehicles, recyclable packaging, greener buildings and modern electronics. The industry supports 161 000 direct jobs and more than 700 000 jobs when indirect and induced impacts are considered. Further, the industry creates USD 75 billion in direct economic impact and USD 186 billion in total impact, around 1 % of US GDP. www.aluminium.org