The United States has imposed anti-dumping duties of up to 376% on aluminum extrusions from China, but calculated a low dumping margin of up to 3% for Korean products, providing some relief to the domestic industry.
According to the Ministry of Trade, Industry and Energy on the 30th, the U.S. Department of Commerce announced the final determination on the anti-dumping investigation of aluminum extrusions from 14 countries, including Korea, on the 27th (local time).
Among Korean companies, Almek was assigned a dumping margin of 0%, exempting it from anti-dumping duties. Shinyang and other companies were assigned a dumping margin of 3.13%.
The dumping margins for major countries are 4.25?376.85% (China), 7.42?82.03% (Mexico), 7.11?39.54% (Colombia), and 14.15?41.84% (Vietnam), among others.
The Ministry stated, "For Korean companies, the dumping margin was finally determined to be at a lower level compared to competing countries, so the direct impact on the industry is expected to be limited."
The dumping margin initially claimed by the complainants in the U.S. was 66.4%. If such a high dumping margin had been applied, the same duties would have been imposed on automotive parts using aluminum extrusions, raising serious concerns about the tariff burden on Korean automakers' exports to the U.S.
The Ministry evaluated that through joint public-private efforts, a much lower margin of 3.13% was imposed than the complainants’ claim, significantly reducing the burden on the automotive industry.
The Ministry added, "We plan to continue closely communicating with the industry to ensure that import regulation investigations are conducted transparently and fairly, and to continuously manage so that Korea’s export interests are not unfairly damaged."
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