ITC vote puts duties on OCTG from six nations
Aug 22, 2014 | 12:50 PM
| Thorsten Schier
NEW YORK Imports of oil country tubular goods (OCTG) from India, South Korea, Taiwan, Turkey, Ukraine and Vietnam are harming the domestic industry, the U.S. International Trade Commission (ITC) ruled unanimously Aug. 22.
The ITC decision means the U.S. Commerce Department will impose anti-dumping and countervailing duties ranging from 2.52 to 111.47 percent on shipments from the six countries. Korean anti-dumping duties range from 9.89 to 15.75 percent.
OCTG imports from the Philippines and Thailand were found to be not injuring the U.S. market, while Saudi Arabia shipments also are not subject to duties after a recalculation by Commerces International Trade Administration (ITA) amended its dumping margin to de minimis (amm.com, Aug. 14).
"Thats going to make prices continue to firm up," one southern energy tubular distributor said of the affirmative determinations on Korea and other large players in the case.....
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