Skip to main content

NMMA schedules webinar on aluminum-sheet price issue

A tax increase on aluminum sheet could affect the prices of pontoons and aluminum fishing boats.

A tax increase on aluminum sheet could affect the prices of pontoons and aluminum fishing boats.

The National Marine Manufacturers Association is holding a special webinar to update the industry about a potential cost increase on aluminum sheet.

The webinar, which will take place Tuesday at 11:30 a.m. EST, will discuss a huge potential price increase, caused by a move the U.S. Department of Commerce made in November.

If the Trump administration chooses, it could impose an import duty of as much as 60 percent on Chinese aluminum — a significant price burden on manufacturers. Attorneys from the law firm Mowry & Grimson will participate, along with the NMMA.

The increase would affect builders of aluminum boats and components, the NMMA told Trade Only last month.

The NMMA was among the groups that testified before the International Trade Commission against the proposal, saying there is not enough domestic supply to meet boatbuilder demand.

“I'm kind of unclear as to why it is that the Commerce Department would actively try to threaten our industry by cutting off the supply of a critical raw material,” especially given its slow recovery from the recession, said NMMA senior vice president of government relations John McKnight in a transcript of the testimony.

The next step will be for the Department of Commerce to investigate exporters in China, and they will request information regarding pricing and alleged subsidies to calculate a tariff that will be applied to those exports.

At the end of that process the ITC will re-examine the domestic industry.

Here is an FAQ sheet from the NMMA.

Related

Pulse-Report

Are You Improving the Service Experience?

Our monthly Pulse Report survey asks this and other questions about your dealership. Take the survey here.

NMRA-SCHOLARSHIP

NMRA Sets Scholarship Deadline

Students pursuing education in the marine trades can apply for the National Marine Representatives Association awards until April 1.

MARINE-PRODUCTS

Marine Products Reports Record Q4

The builder of Chaparral and Robalo boats reported net sales were up 42% for the quarter and 28% for fiscal year 2022.

1_SHURHOLD

Shurhold Appoints COO

Forrest Ferrari has years of management, business development, IT and quality-assurance experience.

MOBILE-CATCH-CENTER

RBFF, Pure Fishing Partner for a First Catch Center

Pure Fishing will equip a mobile trailer with tackle and gear to bring fishing experiences to areas of South Carolina where participation is low.

Norm

An Oft-Overlooked Sales Opportunity

A recent report from the Recreational Boating & Fishing Foundation showed that women comprise 37% of all anglers. If you haven’t tapped this segment, you’re missing out.

1. 2023 new boat retail outlook

Too Many High-Priced Boats

To wrap up 2022, marine retailers reported lower demand, expressed more negative sentiment and voiced concerns about rising inventory. Boat prices and the economy remained top of mind for dealers in December.

Soundings Nov 2022

New-Boat Registrations Continue to Slide

As the gaudy sales figures from the pandemic continue to return to more realistic numbers, the main segments of the recreational boating industry saw new-model registrations of 4,421 in November, a 30.3% drop from 6,340 during the same time in 2021. .

1_thumbnail_Darren Vaux Headshet 2022

ICOMIA President Darren Vaux sees common pressures facing worldwide boating industry

Founded in 1966, the International Council of Marine Industry Associations is a global organization composed of national boating federations and other bodies involved in the recreational marine industry. ICOMIA works on such issues as breaking down trade barriers, improving boating safety and promoting recreational boating worldwide.