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January 16, 2017

MSCI Applauds USTR’s Challenge To Chinese Aluminum Subsidies

Contact:

Ashley DeVecht, director of communications, 847-485-3011 or 616-260-2785

Dianna Smoljan, 708-945-7405

 

MSCI Applauds USTR’s Challenge To Chinese Aluminum Subsidies

Positive Step, More To Understand

Rolling Meadows, Ill., Jan. 13, 2016— M. Robert Weidner, III, president and CEO of the Metals Service Center Institute (MSCI), issued the following statement today on USTR’s announcement that it has lodged a complaint with the World Trade Organization concerning China’s subsidies to certain producers of primary aluminum:

“Yesterday’s announcement is a positive step. In testimony before the U.S. International Trade Commission in September, MSCI’s Board of Directors Vice Chair R. Holman Head issued a resounding call for action to address Chinese overcapacity. This decision makes it clear that the current administration listened. What we now need to understand as an industry is how USTR’s consultation request will affect the entire industrial metals supply chain to ensure it does not have negative unintended consequences.”

“Still, USTR’s announcement clearly is welcome news and is the first step in bringing the Chinese government to the table to reach a negotiated settlement on overcapacity. Combined with President-elect Donald Trump’s firm commitment to standing up to unfair Chinese trade practices, this WTO challenge indicates to our international competitors that, when it comes to combatting unlawful trade practices, U.S. policymakers speak with one voice and will work together, regardless of party, to ensure that trade is not only free, but also fair.”   

About MSCI

Founded in 1909, the Metals Service Center Institute is a nonprofit association based in Rolling Meadows, Ill., serving the industrial metals supply chain. It serves more than 300 members in over 1,200 locations in North America. For more information, visit www.MSCI.org, MSCI’s online resource MSCI.org/Edge, like us on Facebook, follow us on Twitter, and connect with us on LinkedIn.