The trade association representing North American steel producers lent its support to petitions filed today with the Department of Commerce and the International Trade Commissions seeking antidumping relief on certain Oil Country Tubular Goods from India, Philippines, Saudi Arabia, South Korea, Taiwan, Thailand, Turkey, Ukraine and Vietnam. 

Mr Thomas J Gibson president and CEO of the American Iron and Steel Institute said “Imports from these countries have surged by 111% in the past few years, and the petitioners present that these imports have caused material injury to the domestic steel industry. US laws against unfair trade exist to counter market-distorting practices like subsidies and to restore conditions of fair trade, but this cannot occur unless all parties play by the rules. It is vital for US companies to have the chance to compete for business on a level playing field. We applaud these domestic steel companies for taking a stand and we urge the DOC and ITC to take a hard look and provide antidumping and countervailing duty relief for our industry.”

Mr Gibson said that in recent years the volume of US imports of OCTG from the subject countries soared from 840,313 net tons in 2010 to 1,771,320 net tons in 2012. In the first quarter of this year, 425,987 met tons of imports entered the market from the subject countries.

Thursday, 04 Jul 2013

Source - Strategic Research Institute