Chinese ‘flood’ of OCTG hurt Nucor, says DiMicco

Dec 10, 2009 | 11:03 AM | Michael Cowden

Nucor Corp. may not make oil country tubular goods (OCTG), but that doesn't mean the steelmaker's top executive doesn't have some strong opinions on the matter that he wants the U.S. International Trade Commission (ITC) to hear.

The ITC is set to vote Dec. 30 on whether Chinese shipments of OCTG have injured U.S. producers. DiMicco, like other domestic steelmakers and politicians, insists they have.

The chairman, president and chief executive officer of the Charlotte, N.C.-based steelmaker, accused China of following a "deliberate governmental policy" of encouraging high-value-added exports such as OCTG, a policy that DiMicco said was responsible for a "flood" of Chinese OCTG into the United States.....

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