The U.S. International Trade Commission has determined that the U.S. oil country tubular goods industry is “materially injured” by imports of OCTG products from nine nations that are sold at “less than fair value.”
As a result of the commission’s determinations, as well as a unanimous vote by all six ITC commissioners, the U.S. Department of Commerce will continue to conduct investigations on imports of those products from India, South Korea, the Philippines, Saudi Arabia, Taiwan, Thailand, Turkey, Ukraine and Vietnam. The agency’s preliminary countervailing duty determinations are due on or about Sept. 25, 2013, and its preliminary anti-dumping duty determinations are due on or about Dec. 9, 2013.
The American Institute for International Steel has criticized the ITC’s decision:
“Put simply, this decision by the ITC can be expected to disrupt long-standing supply relationships and reflects an abusive use of the trade laws,” said David Phelps, president of AIIS, in a written statement. “With a profitable and growing industry in the U.S., along with growing demand for OCTG from all sources, domestic and imported, this is not an industry that needs trade protection.”
John Foster, chairman of AIIS, added: “Imports have always played an important role in supplying drilling companies with OCTG and have played an important role in increasing production of energy and reducing America’s dependence on foreign oil. We are concerned that in using the trade laws to disrupt a number of legitimate, responsible and long-term supply relationships, the ITC has allowed domestic industry OCTG producers to misuse the trade laws again.”