Gränges AB(GRNG.ST)
HQ SE18% share
Swedish global leader in rolled aluminium for brazed heat exchangers — fin stock, tube, cladding for HVAC and automotive radiators/condensers. Plants in Sweden, US, China.
manufactured · input
Aluminum Fin Stock (heat exchanger)
1100/3003 series aluminum coil stock, 4–6 mils thick, stamped and formed into corrugated fin arrays for evaporator and condenser heat exchangers. China produces 50% of global aluminum fin stock; Norsk Hydro (Norway), Novelis (US/Germany), and Chinese producers supply the global HVAC OEM market.
12
Source countries
5
Companies
1
Goods affected
0
Claims on record
What depends on it
Goods that need this input
1 essential American goods rely on aluminum fin stock (heat exchanger) somewhere upstream in their supply chain.
Where it comes from
Source countries
Share of global supply, by country.
| Country | Share of supply |
|---|---|
| CNChina | 50% |
| USUnited States | 20% |
| THThailand | 20% |
| KRSouth Korea (Republic of Korea) | 14% |
| NONorway | 12% |
| DEGermany | 10% |
| INIndia | 8% |
| JPJapan | 8% |
| TRTurkey | 6% |
| ITItaly | 5% |
| LULuxembourg | 3% |
| MYMalaysia | 3% |
Who makes it
Supplier companies
5 companies produce aluminum fin stock (heat exchanger).
Shandong Nanshan Aluminium Co., Ltd.(600219.SS)
HQ CN12% share
Large vertically integrated Chinese aluminium roller (alumina→ingot→rolled sheet/foil incl. fin stock and aerospace plate).
Norsk Hydro(NHY)
HQ NO
Norwegian state-controlled industrial company; operates Alunorte (Barcarena, Brazil) — the world's largest alumina refinery (6.3 Mt/yr capacity); also Paragominas bauxite mine (Brazil) and Norwegian aluminum smelters; 2018 Alunorte environmental shutdown caused global alumina price to spike 60%
Novelis
HQ US
World's largest flat-rolled aluminum company and dominant global can sheet supplier; wholly owned subsidiary of Hindalco Industries (Aditya Birla Group, India). FY2025 total shipments: 3,757 kilotonnes; beverage packaging ~60% of output (~2,250 kt) — a record high. Revenue ~$17.1B. World's largest aluminum recycler (>70 billion cans/year). Acquired Aleris Corporation in April 2020 for $2.8B (required divestitures: Lewisport KY and Duffel Belgium per DOJ/EC). Building a $5B greenfield integrated plant at Bay Minette, Alabama (600,000 MT/year, commissioning H2 2026) — the first fully integrated US aluminum plant in nearly 40 years. JV partner in Alunorf (Neuss, Germany) — the world's largest aluminum casting and rolling plant.
UACJ Corporation(5741.T)
HQ JP
Japan's largest aluminum rolling company (TSE-listed). Structured supply network: Japanese plants serve domestic market; Tri-Arrows Aluminum (US JV with Norsk Hydro/Speira) at ~450,000 MT/year serves North America; UACJ Thailand at ~320,000 MT/year serves Southeast Asia. Can stock is a core product alongside automotive sheet. Operates JV rolling mills on three continents.