Aluminum Association Applauds Comments on Overcapacity from Department of Commerce Secretary Nominee Wilbur Ross
ARLINGTON, VA -- The Aluminum Association commended remarks today by Secretary of Commerce nominee Wilbur Ross on the continued impact of Chinese overcapacity on the domestic steel and aluminum industries. In response to a question from Senator Amy Klobuchar (D-MN), Ross argued that the “fundamental problem” in the market today is in China’s overproduction of metal. See the full exchange here (53:40 – 56:50).
Aluminum Association President & CEO Heidi Brock commented: “We deeply appreciate Secretary-designee Ross’s understanding of the Chinese overcapacity crisis and the fundamental challenge it is creating for the full aluminum value chain. We look forward to working with Mr. Ross and the entire incoming Administration as we drive toward a negotiated solution with the Chinese government to address this problem and create a level playing field for all aluminum producers.”
About the Aluminum Association
The Aluminum Association represents U.S. and foreign-based companies and their suppliers throughout the value chain, from primary production to value added products to recycling. The Association is the industry’s leading voice, providing global standards, business intelligence, sustainability research and industry expertise to member companies, policymakers and the general public. The aluminum industry helps manufacturers produce sustainable and innovative products, including more fuel efficient vehicles, recyclable packaging, greener buildings and modern electronics. In the U.S., the aluminum industry creates $186 billion in economic activity. For more information visit www.Aluminum.org, on Twitter @AluminumNews or at Facebook.com/AluminumAssociation.