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Alcoa Files Antidumping Petition Against South African Producer; Hulett Sales at Below-Market Price Damage U.S. Market PITTSBURGH--(BUSINESS WIRE)--Oct. 16, 2003--Alcoa (NYSE:AA) today
announced that it has filed an antidumping petition with the U.S.
Department of Commerce and the International Trade Commission against
imports of certain aluminum alloy rolled plate manufactured in South
Africa. This material is exported to the United States by Hulett
Aluminium (Pty) Limited ("Hulett"), whose unfair trade practices have
damaged the U.S. industry. The antidumping petition shows that Hulett
exports aluminum plate to the U.S. at dramatically lower prices than
it sells the material in its home market. Those unfair sales have
damaged the U.S. industry by eroding market prices below sustainable
"Alcoa has not generally filed trade remedy cases," said Paul
Thomas, President of Alcoa North American Fabricated Products.
"However, Hulett's dumping in the U.S. market has been so blatantly
unfair that it demands a response. This petition is targeted at a case
where antidumping duties are necessary to restore fair competition to
the market. In this instance, we feel we must defend the rules of fair
trade," said Thomas.
The specific product that is the subject of the petition, 6000
series aluminum alloy rolled plate, is used for general-purpose
engineering, tooling and die applications. Since Hulett dramatically
expanded its shipments to the U.S. in 2000, it has captured a
significant share of the U.S. market. An Alcoa facility in Davenport,
Iowa, a Kaiser facility in Trentwood, Wash. and a Pechiney plant in
Ravenswood, West Virginia are the primary U.S. manufacturers of 6000
series plate. Together, those plants employ approximately 4000 people.