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MarketScreener Homepage  >  Equities  >  SHENZHEN STOCK EXCHANGE  >  Guangdong Haomei New Material Co., Ltd.    002988   CNE100003SW5

GUANGDONG HAOMEI NEW MATERIAL CO., LTD.

(002988)
  Report
End-of-day quote. End-of-day quote SHENZHEN STOCK EXCHANGE - 10/21
16.61 CNY   -1.07%
10/13EU imposes tariffs on aluminium products from China
RE
09/24European producers welcome EU provisional duties on China aluminium
RE
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European producers welcome EU provisional duties on China aluminium

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09/24/2020 | 11:03am EDT
FILE PHOTO: Employee works at the production line of aluminium rolls at a factory in Zouping

European aluminium producers on Thursday welcomed a decision by the European Commission to impose provisional anti-dumping duties of up to 48% on aluminium extrusions from China.

In February, the Commission opened an investigation into whether China is dumping aluminium extrusions, products widely used in transport, construction and electronics, in the European Union.

China's metals association had called the complaint groundless.

A document from the Commission on Tuesday announced provisional duties.

"These anti-dumping duties are crucial for the survival of the European aluminium value chain, which is critical to Europe's transition to a digital and green economy," Gerd Götz, the director general of the European Aluminium Association, said in a statement.

The investigation resulted from a complaint by the industry group representing seven producers, saying that Chinese imports of semi-fabricated aluminium products into the EU have more than doubled in the five years to 2019.

Members of European Aluminium include Norsk Hydro, Rio Tinto, and Alcoa.

The provisional duties are expected to be imposed by Oct. 15 while the investigation is due to be finalised in April 2021, European Aluminium said.

Duties of 30.4% would be imposed on Guangdong Haomei

New Materials Co Ltd and Guangdong King

Metal Light Alloy Technology Co Ltd while Press Metal

International Ltd would see duties of 38.2%, the EU document said.

Other "co-operators" would have duties of 34.9% and material from all other companies would see charges of 48%, it added.

(Reporting by Eric Onstad. Editing by Jane Merriman)


Stocks mentioned in the article
ChangeLast1st jan.
ALCOA CORPORATION 4.77% 13.45 Delayed Quote.-40.49%
GUANGDONG HAOMEI NEW MATERIAL CO., LTD. -1.07% 16.61 End-of-day quote.0.00%
NORSK HYDRO ASA 0.46% 26.22 Delayed Quote.-20.04%
RIO TINTO PLC -0.15% 4583 Delayed Quote.1.93%
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All news about GUANGDONG HAOMEI NEW MATERIAL CO., LTD.
10/13EU imposes tariffs on aluminium products from China
RE
09/24European producers welcome EU provisional duties on China aluminium
RE
More news
Financials
Sales 2019
Net income 2019
Net Debt 2019
P/E ratio 2019
Yield 2019
Capitalization 3 866 M 579 M 581 M
EV / Sales 2019
Capi. / Sales 2020 1,29x
Nbr of Employees 2 550
Free-Float 25,0%
Chart GUANGDONG HAOMEI NEW MATERIAL CO., LTD.
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Guangdong Haomei New Material Co., Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 1
Average target price
Last Close Price 16,61 
Spread / Highest target -
Spread / Average Target -
Spread / Lowest Target -
EPS Revisions
Managers
NameTitle
Wei Feng Dong Chairman & General Manager
Xing Mei Liang Chairman-Supervisory Board
Zhong Min Xu Chief Financial Officer
Xue Qin Li Vice Chairman
Bi He Ye Director