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China's top aluminium foil producers are preparing a legal defence challenging a preliminary U.S. ruling on Wednesday that would impose hefty penalties on imports from the world's top producers, two sources familiar with the matter said.
Loften Aluminum, China's top foil exporter to the United States, is joining 11 other firms to fight the ruling, the first such case since the inauguration of US President Donald Trump, an official at the company said on condition of anonymity.
The companies plan to launch their case this month, the Loften official said. If duties are implemented, Loften would face anti-subsidy duties on its foil sales to the United States of 80.97 percent.
Among the companies involved are Dingsheng Aluminum Group, Xiashun Holdings Ltd and Jiangsu Zhongji Lamination Materials Co Ltd.