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Home Steel News South Korean trader imports China's aluminum tube through loophole
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South Korean trader imports China's aluminum tube through loophole

26 Nov 2007 16:32 reported by Johnny Lin

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It is reportedly that a South Korean aluminum trading company has imported about 50,000 tons of aluminum tubes from China by a loophole in customs regulations.

South Korea's Customs has announced its new custom articles that people can get lower import custom duty if they imported the aluminum tubes for remelting or molding; therefore, South Korean traders imported the aluminum tubes to smelt as the raw material in making ingot.

The trader in South Korea said they are going to purchase the aluminum tubes as more as they can in the following few months from China. It is said the volume could reach over 50,000 tons.

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