ITC votes to impose duties on China OCTG
Dec 30, 2009 | 01:03 PM
| Corinna Petry
The U.S. International Trade Commission (ITC) voted Wednesday to impose countervailing duties on imports of certain oil country tubular goods (OCTG) from China, reflecting government subsidies of between 10.36 and 15.78 percent.
"This is a great victory for the industry and its workers," said Roger Schagrin, counsel to TMK Ipsco, V&M Star L.P., Wheatland Tube Corp., Evraz Rocky Mountain Steel and the United Steelworkers union, among the plaintiffs in the trade case.
In 2010, he predicted, "the massive inventories" of Chinese OCTG already in the United States will "get used up and domestic producers will start to see orders rebound and will be able to rehire workers. It's like the jobs bill the White House is looking for to rebuild America. Hopefully, we will do this (win trade decisions) in product after product."....
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