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Nexteel, Posco not affiliated: lawyers

Keywords: Tags  Posco, Nexteel, oil country tubular goods, OCTG, anti-dumping investigation, Akin Gump Strauss Hauer & Feld, Thorsten Schier


NEW YORK — Nexteel Co. Ltd. has responded to claims that flat-rolled steel producer Posco Ltd. should also be named a respondent in an ongoing anti-dumping investigation against oil country tubular goods (OCTG) producers from South Korea.

"Nexteel is not affiliated with Posco under any of the criteria set forth in the statute or regulations. Moreover, Nexteel, not Posco, is clearly the producer of the subject merchandise," counsel at Washington-based Akin Gump Strauss Hauer & Feld LLP wrote in a Jan. 31 filing with the Commerce Department on behalf of Pohang, South Korea-based Nexteel.

Domestic petitioners recently alleged that the close relationship between the two companies, which supposedly goes as far as Posco personnel overseeing the shipment of Nexteel’s product, should mean that Posco be named a respondent in the case (amm.com, Jan. 24).

But Nexteel’s lawyers said the relationship was similar to one Posco enjoys with companies in many other products.

"Hot-rolled steel is used as an input in numerous steel products, including standard pipe, line pipe, cold-rolled carbon steel and corrosion-resistant carbon steel, to name a few," they wrote. "Under petitioners’ logic, the entire Korean steel industry is beholden to Posco’s control because of the importance of the (hot-rolled coil) costs of production and availability for downstream products."

Nexteel also does not only buy hot-rolled coil from Pohang-based Posco, the lawyers said.


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