|AEC Past Chairman Duncan Crowdis|
- Chinese imports, by the early part of 2010, were at a level that was equivalent to nearly 19 percent market share
- Chinese imports were priced at levels up to 55 percent below U.S. domestic producers for the identical products
- Chinese prices over the prior 3 years dropped 44 percent versus only 27 percent by the average of the U.S. domestic industry
- The Chinese domestic industry was extremely export oriented
- Forty companies had expansion plans in place and were active which would add a total of 10 billion pounds of capacity.
- It is inconceivable that anyone in our industry will be totally isolated from the impact of the onslaught of Chinese imports.
- If the Chinese re-enter the market, competitive intensity will increase as domestic extruders--with 5 billion pounds of capacity to fill--fight over an increasingly smaller piece of the pie. Remember, the Chinese were at over 20% share in the U.S. before the duties were enacted. The history of the Chinese is to leverage exports to dominate and totally absorb domestic industries; there are many examples. Where are the U.S. textile and furniture industries today? Let us not be another historical statistic!
- The saying that “a rising tide floats all ships” applies in this case.