The United States Department of Commerce has decided to impose a maximum anti-dumping margin of 3.13% on aluminum extrusions exported from South Korea. The South Korean government has analyzed that this decision will have a limited direct impact on the automotive industry.
According to the Ministry of Trade, Industry, and Energy, the U.S. Department of Commerce announced the final determination regarding anti-dumping duties on aluminum extrusions exported from 14 countries, including South Korea, China, Colombia, Ecuador, and India, on Sept. 27. Among South Korean companies, Almac was excluded from anti-dumping duties with a calculated margin of 0%, while other companies, such as Shinyang Metal, are subject to the 3.13% margin.
The dumping margin initially claimed by U.S. complainants was 66.4%. If applied, this would have imposed the same duties on automotive parts, which primarily use aluminum extrusions, raising significant concerns for exporters to the U.S. A ministry official said, “Thanks to a rapid response from both the public and private sectors, a lower duty of 3.13% was imposed, reducing the burden on the automotive industry.” The dumping margins for major countries are higher, with China at a minimum of 4.25%, Mexico at 7.42%, and Colombia at 7.11%, all above the maximum 3.13% imposed on South Korean companies.
The application of anti-dumping duties on aluminum extrusions will be finalized around Nov. 12, when the U.S. International Trade Commission (ITC) will assess the impact on U.S. industry and confirm the results.
