NEW YORK The U.S. Commerce Department has initiated dumping inquiries on oil country tubular goods (OCTG) from India, South Korea, the Philippines, Saudi Arabia, Taiwan, Thailand, Turkey, Ukraine and Vietnam and countervailing inquiries on OCTG from India and Turkey.
The decision was expected by market sources.
Dumping margins against India are alleged from 12.67 to 239.64 percent; Korea from 66.19 to 158.53 percent; the Philippines from 46.04 to 56.38 percent; Saudi Arabia at 53.34 percent; Taiwan from 68.44 to 70.98 percent; Thailand at 118.32 percent; Turkey from 44.52 to 47.20 percent; Ukraine from 25.75 to 30.76 percent; and Vietnam from 103.43 to 111.47 percent, according to a statement.
Subsidy rates for India and Turkey were not specified, but will be above 2 percent.The International Trade Commission is scheduled to make its preliminary injury determination by Aug. 16.
If the ITC finds a reasonable indication of or threat of injury to the domestic industry, Commerce has until Sept. 25 to make its preliminary decisions in the countervailing cases and until Dec. 9 in the anti-dumping cases unless extensions are granted, according to the statement.
If the inquiries move forward, Commerces final determinations in the countervailing inquiries and anti-dumping cases are due Dec. 9 and Feb. 24, respectively.
The ITCs final decisions on the countervailing and anti-dumping cases are expected by Jan. 23 and April 8, respectively, with the issuance of orders expected by Jan. 30 on the countervailing investigations and April 15 on the anti-dumping investigations.
However, sources have said that extensions are likely in the cases due to the number of countries involved, which could push the date of completion to a year after the filing (amm.com, July 11).
Imports of OCTG from the nine countries were valued at an estimated $1.79 billion in 2012, according to the statement.