Alcoa asks U.S. government for tariff exemption on Canadian aluminum
Tuesday, August 7, 2018
Alcoa Corp has asked the U.S. Commerce Department to exempt from tariffs its purchases of 40,000 metric tons of Canadian aluminum used to make beverage cans, adding to thousands of requests for such relief.
According to documents posted to its website, Alcoa said no U.S. aluminum producer can meet its specification needs and quality requirements for rolling slabs used at its Warrick, Indiana plant to produce aluminum for can manufacturers.
“Even if all the curtailed smelting capacity in the U.S. was back online and producing metal, the United States would still need to import the majority of its aluminum,” said Tim Reyes, president of Alcoa’s aluminum business. Alcoa operates three smelting plants in Canada that supply Alcoa operations and customers in the U.S.
Report taken from Reuters and MarketWatch