Cheers and jeers for OCTG duty ruling

Jul 14, 2014 | 01:19 PM | Thorsten Schier

Tags  oil country tubular goods, OCTG, dumping, South Korea, American Iron and Steel Institute, Thomas J. Gibson, Hyundai Hysco, Nexteel Rep. Tim Murphy

NEW YORK — The U.S. steel industry applauded a final ruling by the Commerce Department to impose anti-dumping duties on imports of oil country tubular goods (OCTG) from South Korea, while importer sources were stunned by the reversal.

"Imports from these countries have surged in the past few years, and we are pleased that the Commerce Department has reversed its preliminary determination with respect to Korea and taken this critical step to find that imports from all nine investigated countries are benefiting from unfair trade practices," American Iron and Steel Institute president and chief executive officer Thomas J. Gibson said in a statement.

"It is critical that the U.S. government continue to aggressively and strictly enforce our trade laws to ensure that relief is provided to steelmakers and the nearly 1 million workers directly or indirectly supported by the steel industry," he said. ....

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