June 29, 2020

New Duties In India, New Quota Levels In China

There were at least two major trade developments in the last couple of weeks that will impact steel and aluminum products from China.

First, on June 17, the Chinese government issued its eighth batch of copper and aluminum scrap import quotas for 2020. (China will not allow imports of steel scrap in this latest batch, down from 310 metrics tons in its seventh installment.) The China Solid Waste and Chemicals Management Bureau said it would allow for 1,570 metric tons (mt) of high-grade copper scrap, down from 10,423 mt in the last batch.

The government also said it would allow 5,840 mt of aluminum scrap, an increase from the 1,480 allowed in the seventh batch.

Second, as India’s Business Standard reports, that country’s government announced new duties on flat-rolled products of steel, plated or coated with aluminum and zinc from China, Vietnam and South Korea.

The penalties will be effective for a period of five years from the date of the imposition of provisional anti-dumping duties, which was October 15, 2019.