[Special Stock] PJ Metal Rises on US Dumping Ruling of Up to 376% on Chinese Aluminum Extrusions

PJ Metal is showing strength. This is interpreted as being influenced by the news that the United States has imposed anti-dumping duties of up to 376% on Chinese aluminum extrusions while setting a low dumping margin of up to 3% on Korean products.

As of 2:09 PM on the 2nd, PJ Metal is trading at 3,195 KRW, up 2.4% from the previous day.

According to the Ministry of Trade, Industry and Energy, on the 27th (local time), the U.S. Department of Commerce announced the final determination on the anti-dumping investigation of aluminum extrusions from 14 countries, including Korea. Korean companies were assigned dumping margins ranging from 0 to 3%.

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). The dumping margin initially claimed by the complainant in the U.S. was 66.4%. If such a level of dumping margin were applied, the same tariffs would be imposed on automotive parts using aluminum extrusions, raising serious concerns about the tariff burden on Korean automakers’ exports to the U.S.

The Ministry of Trade, Industry and Energy evaluated that through joint public-private efforts, a much lower margin of 3.13% was imposed compared to the complainant’s claim, significantly easing the burden on the automotive industry.

Meanwhile, PJ Metal is a company that produces aluminum deoxidizers and holds a 48.1% market share in the domestic market.