Lawmakers claim imports pared OCTG profits

Jul 16, 2014 | 04:51 PM | Thorsten Schier

Tags  oil country tubular goods, OCTG, International Trade Commission, ITC, hearing, Tim Murphy, Donald Cameron, Thorsten Schier

NEW YORK — Domestic oil country tubular goods (OCTG) producers’ earnings have been crimped by dumped imports at a time when they should be booming, U.S. lawmakers said during a public hearing before the U.S. International Trade Commission (ITC) July 15.

Countering that argument, representatives for importers pointed to domestic capacity expansions and the premium for domestic product as signs that the industry is healthy.

Rising OCTG imports, particularly from South Korea, denied domestic steelmakers the relief they were entitled to following the shut-out of Chinese OCTG with high dumping duties in 2009, according to House Steel Caucus chairman Rep. Tim Murphy (R., Pa.).....

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