SPECIAL REPORT: U.S. ALUMINUM IMPORT MONITOR. Data through May Issued: July 2018

Size: px

Start display at page:

Download "SPECIAL REPORT: U.S. ALUMINUM IMPORT MONITOR. Data through May Issued: July 2018"

Candace Williamson
5 years ago
Views:

1 SPECIAL REPORT: U.S. ALUMINUM IMPORT MONITOR Data through May 218 Issued: July 218

2 OVERVIEW OF SECTION 232 Section 232 of the Trade Expansion Act of 1962, as amended, authorizes the President to adjust the imports of an article and its derivatives that are being imported into the United States in such quantities or under such circumstances as to threaten to impair the national security. On March 8, 218 the President authorized the imposition of a 1 percent ad valorem tariff on aluminum articles, as defined below. This report provides the industry with a means of tracking and identifying the importation of aluminum and aluminum products that fall within the scope of this order. The aluminum and aluminum products subject to the 1% tariff include those under the HTS Chapter 76 headings shown in the table to the right: As of this publication, U.S. import data is available through May 218. With one exception (South Korea), the list of countries below were exempt from the 1% tariffs in both April and May. The President has since issued a proclamation to announce that exemptions from the 232 remedy on aluminum from Brazil, Canada, Mexico, the EU and South Korea expired as of June 1 st. However, the proclamation extended the exemptions indefinitely for Argentina (now subject to an absolute quota) and Australia (fully exempt). The Administration has made clear that these exemptions can be modified by the President at any time "pending discussions of satisfactory long-term alternative means to address the threatened impairment to U.S. national security. Harmonized Tariff Schedule Headings HTS 761 HTS 764 HTS 765 HTS 766 HTS 767 HTS 768 HTS 769 HTS HTS Aluminum Product Unwrought Aluminum Aluminum Bars, Rods, and Profiles Aluminum Wire Aluminum Plate, Sheet and Strip Aluminum Foil Aluminum Tubes & Pipes Aluminum Tube & Pipe Fittings Aluminum Castings Aluminum Forgings Argentina Australia Brazil Canada Mexico South Korea* *South Korea: Exempt during April only. European Union: Austria Belgium Bulgaria Croatia Cyprus Czech Republic Denmark Estonia Finland France Germany Greece Hungary Ireland Italy Latvia Lithuania Luxembourg Malta Netherlands Poland Portugal Romania Slovakia Slovenia Spain Sweden United Kingdom 2

3 EXECUTIVE SUMMARY Total U.S. imports of aluminum and aluminum products covered under the 232 determination totaled 1.14 billion pounds in May, off 8.2 percent from April s total of 1.24 billion pounds. Imports from countries subject to the 1 percent ad valorem tariff (non-exempt) in May, reached million pounds, accounting for 4.3 percent of the total. This is off from 44.1 percent in April. The United Arab Emirates led the way for nonexempt trading partners in May, importing 11.4 million pounds and accounting for roughly 24.1 percent of non-exempt imports. China, Bahrain, India, and Qatar rounded out the top 5. The level of imports from countries exempt from the tariff declined 2. percent month-over-month in May, totaling million pounds. While off 1.3 percent from the April level, Canada led the way with million pounds. Brazil ranked second, importing 26.3 million pounds of covered aluminum and aluminum products in May, significantly over the volume imported a year ago (+688.6%). The majority of imports (both non-exempt and exempt) in May were classified under US HTS 761 (or unwrought aluminum ingot), although the volume of these products were off 9.4 percent month-over-month. Products falling under 765 (Extruded Shapes/Rods & Bars) and 7616 (Castings & Forgings) were the only major groupings to show an increase over April levels. May Highlights: By Product: Despite a surge in March, 761 imports are off 8.3% YTD 764 imports have outpaced 217 levels in each month 766 volumes declined 5.2% month-over-month Can sheet has increased 69.2% YTD By Trading Partners: 765 imports from non-exempt partner fell 79.% m/m Imports from non-exempt countries = $1.29 Billion (Apr/May) India (Non-Exempt) has outpaced 217 imports each month Nearly 16% of imports from India are 766 (Sheet & Plate) 3

4 232 Covered Imports: By Product Product by USHTS Heading May-18 Apr. 218 M/M %Ch. May-17 Y/Y %Ch. YTD 218 YTD 217 YTD %Ch Unwrought 776,172, ,29, % 932,893, % 4,437,259,419 4,837,16, % Extruded Shapes/Rod & Bar 54,59,18 47,487,62 15.% 44,932, % 248,794, ,875, % Extruded Shapes 49,24,773 42,561, % 36,177, % 214,432, ,43, % Rods & Bars 5,349,47 4,925, % 8,754, % 34,362,181 38,832, % Wire & Redraw 48,986,429 57,4, % 62,598, % 273,267,36 37,353, % Aluminum Wire 1,245,46 11,476,82-1.7% 17,62, % 55,417,2 116,61, % Redraw Rod 38,741,383 45,924, % 44,978, % 217,85,34 191,291, % Sheet & Plate 24,513, ,66, % 242,139, % 1,118,443,24 973,613, % Can Stock 28,548,419 17,691, % 12,954, % 15,132,75 62,14, % Circles & Discs 3,8,658 2,392, % 3,864, % 14,388,322 15,359, % Plate 29,443,371 22,, % 16,376, % 118,548,277 77,959, % Sheet 143,44, ,577, % 28,944, % 88,373, ,154, % Foil 43,459,391 51,482, % 63,895,35-32.% 233,61, ,591,1-12.6% Pipe & Tube 4,752,159 4,825, % 4,784, % 24,543,8 23,865,33 2.8% Pipe & Tube Fittings 1,25,724 1,288,56-2.9% 1,786,317-3.% 7,25,415 7,142, % Castings & Forgings 3,45,663 3,368, % 5,342, % 21,216,646 24,577, % Total 1,137,175,425 1,238,543, % 1,358,371, % 6,363,836,245 6,64,179, % 4

5 232 Covered Imports: By Product 1,4 1,2 1, Unwrought (Millions of Lbs) 4-yr. Range Extruded Shapes/Rod & Bar (Millions of Lbs) 4-yr. Range Wire & Redraw (Millions of Lbs) 4-yr. Range Sheet & Plate (Millions of Lbs) 4-yr. Range Foil (Millions of Lbs) Pipe & Tube (Millions of Lbs) Pipe & Tube Fittings (Millions of Lbs) Castings & Forgings (Millions of Lbs) yr. Range yr. Range yr. Range yr. Range

6 TRENDS IN IMPORTS FROM: NON-EXEMPT & EXEMPT TRADING PARTNERS

7 232 Covered Imports: Non-Exempt vs. Exempt April & May 218 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 1,8 1,6 US Imports of Covered Aluminum Products (Millions of Pounds) Non-Exempt Exempt Total Imports from Non-Exempt Countries April May % Chng 545.6m lbs 458.3m lbs -16.% Apr/May % 1,4 1,2 1, % % 768.3% Total Imports from Exempt Countries % % April May % Chng Apr/May % % m lbs 678.9b lbs -2.% % % U.S. Census Bureau HTS Headings: Unwrought aluminum; Aluminum bars, rods, and profiles; Aluminum wire; Aluminum plate, sheet, strip; Aluminum foil; Aluminum tubes and pipes; 769 Aluminum tube and pipe fittings; and 7616 ( / ) - Aluminum castings and forgings % 769.1% % % % % 7

8 232 Covered Imports: Non-Exempt vs. Exempt April & May 218 Product by USHTS Heading Non Exempt May 218 Exempt May 218 Total May 218 Non Exempt Apr. 218 Exempt Apr. 218 Total Apr Unwrought 266,297,487 59,875,25 776,172, ,16, ,13, ,29, Extruded Shapes/Rod & Bar 22,466,93 32,123,25 54,59,18 17,866,774 29,62,828 47,487,62 Extruded Shapes 2,742,949 28,497,824 49,24,773 16,345,98 26,215,87 42,561,787 Rods & Bars 1,723,981 3,625,426 5,349,47 1,52,794 3,45,21 4,925, Wire & Redraw 3,675,13 45,311,416 48,986,429 17,493,358 39,97,53 57,4,861 Aluminum Wire 2,319,982 7,925,64 1,245,46 6,77,14 4,769,698 11,476,82 Redraw Rod 1,355,31 37,386,352 38,741,383 1,786,254 35,137,85 45,924, Sheet & Plate 136,531,365 67,981,777 24,513, ,36,315 73,354, ,66,858 Can Stock 28,267,71 28,79 28,548,419 17,89,422 62,48 17,691,47 Circles & Discs 1,815,337 1,265,321 3,8,658 1,746, ,767 2,392,85 Plate 21,988,4 7,454,971 29,443,371 14,866,472 7,133,574 22,,46 Sheet 84,459,918 58,98, ,44,694 18,64,13 64,973, ,577, Foil 25,9,188 18,369,23 43,459,391 28,386,877 23,95,335 51,482, Pipe & Tube 1,629,14 3,123,55 4,752,159 1,442,383 3,383,58 4,825, Pipe & Tube Fittings 786, ,433 1,25, ,358 62,148 1,288, Castings & Forgings 1,786,412 1,664,251 3,45,663 1,425,61 1,943,138 3,368,199 Total 458,262,79 678,912,635 1,137,175, ,623, ,919,694 1,238,543,331 8

9 232 Covered Imports: Non-Exempt vs. Exempt April & May 218 Non-Exempt Volumes & Values Exempt Volumes & Values ,4 mil. lbs $1,291 mil ,372 mil. lbs $1,842 mil Lbs (Millions) $USD (Millions) 4 2 Lbs (Mllions) $USD (Millions) 9

10 Covered Imports By Non-Exempt Trading Partner Import Partner May-18 Apr-18 M/M %Ch. Apr. 217 Y/Y %Ch. YTD 218 YTD 217 YTD %Ch. United Arab Emirates 11,355, ,724, % 137,113, % 625,454,99 763,212, % China 61,68,346 68,464,75-1.8% 165,894, % 56,798,316 61,139, % Bahrain 5,979,37 62,1, % 56,82, % 244,142,781 22,926,66 1.5% India 5,972,662 4,894, % 18,97, % 23,12,219 96,94, % Qatar 33,95,321 19,681, % 29,266, % 15,281, ,341, % Oman 31,466,687 33,46, % 6,87, % 89,733,785 52,386, % Indonesia 17,11,842 19,273, % 18,659, % 79,361,96 7,14, % Russia 15,993,15 82,78, % 114,18,31-86.% 552,447,4 772,66, % South Africa 11,792,51 28,39, % 4,634, % 193,683, ,2,456 1.% Venezuela 11,384,476 1,992, % 22,163, % 68,444,8 13,362, % Taiwan 8,426,729 8,277, % 1,631, % 27,336,875 6,71, % Korea, South* 7,74,741 N/A -- 11,727, % 59,56,181 29,169, % Japan 7,273,986 8,489, % 5,72, % 41,2,91 26,475,2 54.9% Turkey 6,514,387 7,394, % 2,522, % 26,913,914 11,679, % Saudi Arabia 6,187,49 17,385, % 6,914, % 68,28,95 29,67, % Vietnam 4,943,838 3,549, % 4,761, % 25,953,682 19,658, % Egypt 3,342,449 1,656, % -- 5,628, Malaysia 2,986,887 2,875,71 3.9% 1,295, % 11,363,86 8,158, % Thailand 2,94,388 2,18, % 2,29, % 11,847,62 9,191, % Colombia 2,173,437 1,611, % 1,412, % 8,233,487 6,119, % All Others 1,73,337 11,35,125-3.% 6,938, % 77,169,89 34,66, % Total 458,262,79 545,623, % 654,277,33-3.% 3,58,2,722 3,163,43, % *South Korea was exempt in April 1

11 1/1/214 3/1/214 5/1/214 7/1/214 9/1/214 11/1/214 1/1/215 3/1/215 5/1/215 7/1/215 9/1/215 11/1/215 1/1/216 3/1/216 5/1/216 7/1/216 9/1/216 11/1/216 1/1/217 3/1/217 5/1/217 7/1/217 9/1/217 11/1/217 1/1/218 3/1/218 5/1/218 Spotlight: Top 5 Non-Exempt Trading Partners in May #1: United Arab Emirates Volume (Mil LBS) Value (Mil $USD) Avg. Unit Value (Rt. Axis) 25 $1.4 2 $ Year-to-Date Product Percent Share % % % 766.4% 767.4% 768.1% 15 $1. 25 United Arab Emirates (Millions of Pountds) 1 $ $.6 1 $ yr. Range

12 1/1/214 3/1/214 5/1/214 7/1/214 9/1/214 11/1/214 1/1/215 3/1/215 5/1/215 7/1/215 9/1/215 11/1/215 1/1/216 3/1/216 5/1/216 7/1/216 9/1/216 11/1/216 1/1/217 3/1/217 5/1/217 7/1/217 9/1/217 11/1/217 1/1/218 3/1/218 5/1/218 Spotlight: Top 5 Non-Exempt Trading Partners in May #2: China* *The antidumping and countervailing duties in place for foil and the preliminary determination of countervailing duties on common alloy sheet (April) have also impacted import volumes from China Volume (Mil LBS) Value (Mil $USD) Avg. Unit Value (Rt. Axis) $1.6 $1.4 $1.2 $ Year-to-Date Product Percent Share % % % % % % % % China (Millions of Pountds) 1 5 $.8 $.6 $ yr. Range

13 Spotlight: Top 5 Non-Exempt Trading Partners in May 1/1/214 3/1/214 5/1/214 7/1/214 9/1/214 11/1/214 1/1/215 3/1/215 5/1/215 7/1/215 9/1/215 11/1/215 1/1/216 3/1/216 5/1/216 7/1/216 9/1/216 11/1/216 1/1/217 3/1/217 5/1/217 7/1/217 9/1/217 11/1/217 1/1/218 3/1/218 5/1/218 #3: Bahrain 218 Year-to-Date Volume (Mil LBS) Value (Mil $USD) Avg. Unit Value (Rt. Axis) 8 $1.4 P ro d u ct P e rce n t S h are % % % $1.2 $ Bahrain (Millions of Pountds) $ $ $.4 4-yr. Range

14 1/1/214 3/1/214 5/1/214 7/1/214 9/1/214 11/1/214 1/1/215 3/1/215 5/1/215 7/1/215 9/1/215 11/1/215 1/1/216 3/1/216 5/1/216 7/1/216 9/1/216 11/1/216 1/1/217 3/1/217 5/1/217 7/1/217 9/1/217 11/1/217 1/1/218 3/1/218 5/1/218 Spotlight: Top 5 Non-Exempt Trading Partners in May #4: India Volume (Mil LBS) Value (Mil $USD) Avg. Unit Value (Rt. Axis) 8 $2. 7 $1.8 6 $ Year-to-Date P ro d u ct P e rce n t S h a re % % 765.1% % % % % % $1.4 $1.2 $ India (Millions of Pountds) 2 $ $ $ yr. Range

15 1/1/214 3/1/214 5/1/214 7/1/214 9/1/214 11/1/214 1/1/215 3/1/215 5/1/215 7/1/215 9/1/215 11/1/215 1/1/216 3/1/216 5/1/216 7/1/216 9/1/216 11/1/216 1/1/217 3/1/217 5/1/217 7/1/217 9/1/217 11/1/217 1/1/218 3/1/218 5/1/218 Spotlight: Top 5 Non-Exempt Trading Partners in May #5: Qatar 218 Year-to-Date 45 Volume (Mil LBS) Value (Mil $USD) Avg. Unit Value (Rt. Axis) $1.4 P ro d u ct P e rce n t S h are % 764.1% $1.2 $ Qatar (Millions of Pountds) 4-yr. Range $.8 $ $.4 15

16 Covered Imports: By Exempt Trading Partner Import Partner May-18 Apr-18 M/M %Ch. May-17 Y/Y %Ch. YTD 218 YTD 217 YTD %Ch. Canada 545,236,78 552,684,62-1.3% 539,38, % 2,675,564,145 2,92,415, % Brazil 26,38,237 7,737, % 3,336, % 59,887,119 2,833, % Argentina 21,73,49 28,31, % 41,157, % 169,29, ,869, % Mexico 17,596,529 17,62,687.% 13,721, % 77,525,265 65,3, % Germany 16,225,775 11,483, % 9,273, % 62,658,566 57,323, % France 9,18,552 1,562, % 5,824, % 55,336,17 3,958,6 78.7% Australia 7,89,739 13,441, % 67,523, % 62,528,448 95,276, % Austria 7,9,783 7,744, % 7,24,446.9% 32,72,711 33,261, % Greece 5,896,85 5,765, % 3,381, % 24,346,876 19,81, % Italy 4,32,781 3,918,94 2.9% 2,67, % 16,47,753 11,574, % Spain 3,97,62 1,98,65 18.% 1,814, % 12,57,556 6,813, % Sweden 3,86,744 2,611, % 1,691, % 12,57,477 8,129, % Netherlands 1,981,229 1,384, % 1,854, % 7,482,813 8,136,485-8.% Luxembourg 1,937,31 1,274, % -- 6,489, % Slovenia 1,739,297 1,5, % 448, % 4,854,64 2,393, % Belgium 1,48,79 1,293, % 1,743, % 9,78,236 8,799,84 1.3% United Kingdom 1,244,136 1,361, % 1,82, % 5,119,21 7,86, % Romania 1,145,175 1,43, % 724, % 3,54,988 3,222, % Czech Republic 468,83 738, % 384, % 2,953,87 1,734, % Poland 246, , % 189,461 3.% 1,18, , % All Others 494,919 2,43, % 45, % 2,546,437 1,368, % Total 678,912, ,919,694-2.% 73,964,16-3.6% 3,34,48,555 3,474,687,91-4.9% 16

17 1/1/214 3/1/214 5/1/214 7/1/214 9/1/214 11/1/214 1/1/215 3/1/215 5/1/215 7/1/215 9/1/215 11/1/215 1/1/216 3/1/216 5/1/216 7/1/216 9/1/216 11/1/216 1/1/217 3/1/217 5/1/217 7/1/217 9/1/217 11/1/217 1/1/218 3/1/218 5/1/218 Spotlight: Top 5 Exempt Trading Partners in May #1: Canada Volume (Mil LBS) Value (Mil $USD) Avg. Unit Value (Rt. Axis) 9 $1.4 8 $ Year-to-Date Product Percent Share % % % % 767.6% % 769.2% % 6 $1. 1, Canada (Millions of Pountds) 5 $ $ $ yr. Range

18 1/1/214 3/1/214 5/1/214 7/1/214 9/1/214 11/1/214 1/1/215 3/1/215 5/1/215 7/1/215 9/1/215 11/1/215 1/1/216 3/1/216 5/1/216 7/1/216 9/1/216 11/1/216 1/1/217 3/1/217 5/1/217 7/1/217 9/1/217 11/1/217 1/1/218 3/1/218 5/1/218 Spotlight: Top 5 Exempt Trading Partners in May #2: Brazil Volume (Mil LBS) Value (Mil $USD) Avg. Unit Value (Rt. Axis) 5 $ $ $ Year-to-Date P ro d u ct P e rce n t S h a re % 764.1% 765.1% % % 768.% 769.6% 7616.% $1.2 $ Brazil (Millions of Pountds) 4-yr. Range $.8 $ $

19 1/1/214 3/1/214 5/1/214 7/1/214 9/1/214 11/1/214 1/1/215 3/1/215 5/1/215 7/1/215 9/1/215 11/1/215 1/1/216 3/1/216 5/1/216 7/1/216 9/1/216 11/1/216 1/1/217 3/1/217 5/1/217 7/1/217 9/1/217 11/1/217 1/1/218 3/1/218 5/1/218 Spotlight: Top 5 Exempt Trading Partners in May #3: Argentina Volume (Mil LBS) Value (Mil $USD) Avg. Unit Value (Rt. Axis) 12 $ Year-to-Date P ro d u ct P e rce n t S h are % 764.% % 1 8 $1.2 $ Argentina (Millions of Pountds) 4-yr. Range $ $ $.4 19

20 1/1/214 3/1/214 5/1/214 7/1/214 9/1/214 11/1/214 1/1/215 3/1/215 5/1/215 7/1/215 9/1/215 11/1/215 1/1/216 3/1/216 5/1/216 7/1/216 9/1/216 11/1/216 1/1/217 3/1/217 5/1/217 7/1/217 9/1/217 11/1/217 1/1/218 3/1/218 5/1/218 Spotlight: Top 5 Exempt Trading Partners in May #4: Mexico Volume (Mil LBS) Value (Mil $USD) Avg. Unit Value (Rt. Axis) 35 $2. 3 $ $ Year-to-Date P ro d u ct P e rce n t S h a re % % 765.6% % % % % % 2 15 $1.4 $1.2 $ Mexico (Millions of Pountds) 1 5 $.8 $.6 1 $ yr. Range

21 1/1/214 3/1/214 5/1/214 7/1/214 9/1/214 11/1/214 1/1/215 3/1/215 5/1/215 7/1/215 9/1/215 11/1/215 1/1/216 3/1/216 5/1/216 7/1/216 9/1/216 11/1/216 1/1/217 3/1/217 5/1/217 7/1/217 9/1/217 11/1/217 1/1/218 3/1/218 5/1/218 Spotlight: Top 5 Exempt Trading Partners in May #5: Germany Volume (Mil LBS) Value (Mil $USD) Avg. Unit Value (Rt. Axis) 45 $2.8 4 $2.6 $ $2.2 3 $2. 25 $1.8 $1.6 2 $ $1.2 1 $1. $.8 5 $.6 $ Year-to-Date P ro d u ct P e rce n t S h a re % % % % % % % % Germany (Millions of Pountds) 4-yr. Range

22 COPYRIGHT NOTICE AND LICENSE AGREEMENT The foregoing document is subject to the copyright laws of the United States and any jurisdiction in which the document is distributed by The Aluminum Association. By accepting receipt of this document, the recipient ( Licensee ) agrees to the terms set forth herein by The Aluminum Association ( Licensor ) regarding the foregoing document (the Work ): 1. Licensor owns all proprietary rights in and to the Work. 2. Licensor retains all rights in and to the Work and has the right to license the Work. 3. Licensor grants to Licensee a limited worldwide (to the extent such rights exist), non-exclusive, non-sublicensable, non-transferable, royalty-free license to utilize the Work internally and to reproduce, copy, and distribute the Work internally to Licensee s employees, agents, and representatives. 4. Licensee acknowledges that Licensor is the sole and exclusive owner of the Work and all associated federal registrations and pending registrations and all common law rights, and Licensee has no claim to the rights in and to the Work. Nothing in this Agreement shall serve to limit Licensor s ownership, use, sale, or distribution of the Work. 5. Licensee agrees that the scope of this Agreement does not permit it to create any derivative works of the Work that incorporate and/or alter the content of the Work. 6. Licensee agrees that it shall not copy, distribute, or reproduce the Work to or for any third party without express prior written authorization from Licensor. Unless authorized by Licensor in writing, any distribution or reproduction of the Work in whole or in part to third parties is strictly prohibited. 7. Licensee shall give Licensor prompt notice of any unauthorized uses of the Work of which it becomes aware. Licensee shall cooperate with Licensor in connection with any action taken by Licensee to enforce, maintain, or defend the copyrights in the Work that arise out of or relate to the Licensee s use, reproduction, and/or distribution of the Work, and shall not be entitled to any recoveries in respect of the foregoing. 8. The Work is provided as is, without warranty of any kind, express or implied. Licensor hereby disclaims all express and implied warranties. There is no warranty against interference with Licensee s enjoyment of the information or against infringement; there is no warranty that the information contained in the Work is fit for any particular purpose; there is no warranty as to the accuracy of the informational content of the Work; there is no warranty of merchantability; and there are no warranties which extend beyond the description on the face hereof. 9. This License Agreement shall be construed and governed in accordance with the laws of the Commonwealth of Virginia. 218 The Aluminum Association. All rights reserved. 22

SPECIAL REPORT: U.S. ALUMINUM IMPORT MONITOR. March Issued: May 2018

SPECIAL REPORT: U.S. ALUMINUM IMPORT MONITOR March 218 Issued: May 218 OVERVIEW OF SECTION 232 Section 232 of the Trade Expansion Act of 1962, as amended, authorizes the President to adjust the imports