ITC rules OCTG imports hurting US industry
Aug 16, 2013 | 03:51 PM
| Thorsten Schier
NEW YORK The U.S. International Trade Commission (ITC) determined in a unanimous vote Aug. 16 that there is a reasonable indication that the U.S. oil country tubular goods (OCTG) industry is being materially injured by imports from India, the Philippines, Saudi Arabia, South Korea, Taiwan, Thailand, Turkey, Ukraine and Vietnam.
"We are very pleased with the results," said Alan Price, partner at Washington-based Wiley Rein LLP and counsel to domestic petitioner Maverick Tube Corp., Chesterfield, Mo., a subsidiary of Luxembourg-based Tenaris SA.
The preliminary vote applied to anti-dumping cases against all nine countries and countervailing cases against India and Turkey(amm.com, July 2).
The American Iron and Steel Institute (AISI) also applauded the decision.
"The U.S. laws against unfair trade exist to counter market-distorting practices, like dumping and subsidies, and to restore conditions of fair trade," president and chief executive officer Thomas Gibson said in a statement.....
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