Maintain duties on Chinese OCTG: USS
Apr 16, 2013 | 04:48 PM
| Thorsten Schier
NEW YORK Omitting Chinese oil country tubular goods (OCTG) that are heat-treated and finished in third-party countries from countervailing and anti-dumping duties could be "absolutely devastating for the U.S. industry," according to counsel for U.S. Steel Corp.
Prior to the imposition of the duties in 2010, "massive" shipments from the Asian nation "literally shut down or idled the vast majority of the U.S. industry." The same fate awaits the U.S. market if the exemption is made, as "vast excess capacity" for the product still exists in China, attorneys....
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