The real issue on the world stage with aluminum and fair competition is China, say aluminum companies
Top executives from the U.S. aluminum industry say substituting quotas for import tariffs will squeeze supply of the metal, making it “harder, even impossible” for American companies to grow and invest.
“We know aluminum regularly crosses the border multiple times before reaching an end user as a finished product,” Germain told reporters following a spring meeting of the U.S. Aluminum Association, representing aluminum firms including Alcoa, JW Aluminum, and Scepter Inc. “Under a hard quota system, that metal could end up stuck at one side of the border after the quota has been filled.”
“The real issue on the world stage with aluminum and fair competition is China,” Germain said. “The rest of the world is by and large playing by the rules. … That’s why we’re saying a targeted action against those players in China who don’t play by the global rules is the solution to our problems. “ The stated goal of the U.S. tariffs — issued on national security grounds under Section 232 of the 1962 Trade Expansion Act — is to increase America’s self sufficiency in steel and aluminum production by lifting capacity utilization above 80 per cent in both industries. Though the steel industry has now surpassed that marker, U.S. aluminum smelters are unlikely to move above 60 per cent this year, said John Mothersole, director of pricing and purchasing at IHS Markit in Washington.
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