China Zhongwang also noted that the language of the antidumping and countervailing duty Orders expressly excluded extruded products made of alloy in the Aluminum Association 5000 series and containing more that 1% magnesium, which was the subject of the inquiry. The preliminary determination now extends to cover 5050 series.
Mr. Lu added, "In addition to the U.S. market, China Zhongwang exports to over a dozen countries and regions around the world. Contrary to certain media reports that inaccurately described China Zhongwang's corporate nature as well as the background of Mr. Liu Zhongtian, its founder and majority owner, Mr. Liu is not a member of any political organization, and China Zhongwang is an independent, non-state owned and market-driven company. We always strive for compliance with relevant trade regulations in markets we operate, and support fair business competition."
The Company has retained Steptoe & Johnson LLP as trade counsel to represent it in the U.S.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/china-zhongwang-respects-department-of-commerce-preliminary-determination-to-include-5050-extrusions-under-anti-dumping-scope-300358609.html
SOURCE China Zhongwang Holdings Limited