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Century Applauds Biden Administration for Actions to Address Unfair Trade from Mexico
CHICAGO, July 10, 2024 (GLOBE NEWSWIRE) -- Century Aluminum applauds the Administration’s decision to toughen the rules on aluminum imports from Mexico. The
About this update from Century Aluminum Company
[{"type":"text","content":"CHICAGO, July 10, 2024 (GLOBE NEWSWIRE) -- Century Aluminum applauds the Administration’s decision to toughen the rules on aluminum imports from Mexico. The introduction of the “smelted and cast” provision is an important first step in curbing aluminum transshipments and unfair trade from 3rd party countries entering through Mexico. Going forward, aluminum that was smelted and cast in Russia, China, Iran and Belarus and converted into products in Mexico will be subject to the 10% Section 232 duty. “We are thankful for President Biden’s continued support for the domestic aluminum industry. Aluminum is a key enabler of the green energy transition and a critical material for emerging green industries and our national defense. Today’s decision helps protect the industry and American workers,” said CEO Jesse Gary. The United States continues to experience a surge of imports from Mexico at below market value. Earlier this year the Department of Commerce and US International Trade Commission imposed antidumping and countervailing duties on aluminum extrusions from Mexico, which are critically important. However, Mexico continues to receive primary metal imports from non-tariffed 3rd party countries beyond the four in the scope of today’s proclamation. “Today was a positive first step and we will continue to fight for a level playing field,” Gary said. About Century Aluminum Company Century Aluminum is an integrated producer of bauxite, alumina, and primary aluminum products. Century is the largest domestic producer of primary aluminum in the United States and also operates production facilities in Iceland, the Netherlands and Jamaica. Visit www.centuryaluminum.com for more information. Cautionary Statement This press release and statements made by Century Aluminum Company management contain \"forward-looking statements\" within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to the \"safe harbor\" created by section 27A of the Securities Act of 1933, as amended (the \"Securities Act\"), and section 21E of the Securities Exchange Act of 1934, as amended (the \"Exchange Act\"). Forward-looking statements are statements about future events and are based on our current expectations. These forward-looking statements may be identified by the words \"believe,\" \"expect,\" \"hope,\" \"target,\" \"anticip...