Current report: Notification on anti-dumping tariffs claim

Tue, 03/17/2020 - 17:14

The Company announces the investors and the interested public that it received from the United States International Trade Commission a notification about the fact that a petition for establishing antidumping tariffs for certain aluminium products originated from 18 countries, including Romania, imported in United States between 2017 and 2019, was received by the US Department of Commerce.

The petition is filled by the US Aluminium Association and is concerning the aluminium sheets with thickness between 0.2 mm and 6.3 mm, made from common alloys (1xxx, 3xxx and 5xxx series).

In case of the sheets of Romanian origin, produced by Alro S.A., the requested antidumping tariff, proposed to be assessed by the US Department of Commerce, is of 56.22%.

The Company is considered the petition as unfounded and the calculations which are behind it as erroneous and intends to vigorously defend its position in front of the American authorities involved. From the data that it has for the moment, the management of the Company is unable to assess whether the petition will be accepted or dismissed, as, from the data received from the external legal consultant, the process of investigation will be rather complex and will involve a multitude of factors.

From the preliminary analysis performed, it does not appear that the performance of the Company will be significantly affected in 2020 by a potential negative outcome of this petition and that the application of any antidumping tariff, if it will be approved, will not have a retroactive character. The Company is actively working to mitigate any adverse impact that it might face if the petition will be adversely determined.

We will continue to inform constantly the investors and the public about the development of the events related to this antidumping petition.