This past Friday the US International Trade Commission, comprised of 6, voted unanimously to continue trade investigations by the Department of Commerce and maintain anti dumping tariffs for certain OCTG imports. 9 OCTG exporting countries are included: India, Korea, Philippines, Saudi Arabia, Taiwan, Thailand, Turkey, Ukraine and Vietnam.
Copies of the Commission’s report are expected to be made publicly available on September 13th, 2013.
Thomas J. Gibson, president and CEO of the American Iron and Steel Institute, said:
We are very pleased that the ITC has taken this significant first step in making a preliminary determination that these imports are causing material injury to the domestic steel industry. The U.S. laws against unfair trade exist to counter market-distorting practices – like dumping and subsidies — and to restore conditions of fair trade. U.S. companies and their workers deserve to have a fair shake, and we applaud today’s vote as an important move towards providing U.S. steel producers relief from unfairly traded OCTG imports.
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