OCTG dumping ruling disappoints producers
Feb 19, 2014 | 12:50 PM
| Thorsten Schier
NEW YORK U.S. oil country tubular goods (OCTG) producers are disappointed at a preliminary decision by the Commerce Departments International Trade Administration (ITA) to assess no dumping margins on imports from South Korea.
Some market sources predicted dire consequences, particularly for the U.S. welded OCTG market, while others cautioned that a final decision could differ materially.
"We are disappointed by the preliminary determinations at the Department of Commerce and by its failure to deal with important issues at this stage of the investigation," a spokeswoman for Pittsburgh-based U.S. Steel Corp., one of the domestic petitioners, said in an e-mail. However, "the determinations do confirm the existence of large-scale dumping in this marketsomething that has caused extensive injury to the domestic industry."
The ITA assessed no dumping margins on Korean producers (amm.com, Feb. 18) but did find dumping by most Indian OCTG producers and assessed high margins on other countries, such as Thailand and Vietnam.....
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