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December 1, 2003

Alcoa Applauds Preliminary Injury Determination of International Trade Commission in ''6000 Series'' Aluminum Plate Investigation

PITTSBURGH--(BUSINESS WIRE)--Dec. 1, 2003--Alcoa Inc. (NYSE:AA) applauded the International Trade Commission's 6-0 vote to continue the investigation into dumping of certain aluminum plate imported from South Africa. The vote was taken at a public meeting of the ITC this morning in Washington, D.C.

"The vote means that the ITC has found a 'reasonable indication' of injury, which has been our position in this case," said Robert S. Wetherbee, President of Alcoa Mill Products, the Alcoa business unit that manufactures aluminum alloy plate covered by this investigation. "We look forward to the continuation of the case and to presenting the facts necessary to secure an antidumping duty order against the imported product from South Africa. We believe the facts in this case clearly warrant such a finding."

This case covers only imports of 6000 series alloy plate, a product used widely in American industry. The South African exporter of this plate, Hulett Aluminium (Pty) Limited, has enormously expanded its sales in the U.S. through low-priced sales that Alcoa believes have been "dumped" in the United States.

The case will continue with an investigation into the alleged dumping by the Department of Commerce. If the Commerce Department finds dumping in its investigation, the ITC will have a final ITC injury investigation in the autumn of 2004. If the dumping and injury determinations are both affirmative, an antidumping duty order will be entered, requiring imports of covered aluminum plate from South Africa to pay antidumping duties equal to the difference between "normal value" (i.e., the selling price for comparable products within South Africa) and the prices charged to customers in the United States.