Final Thoughts
February 17, 2014
Final Thoughts
Written by John Packard
It was a crazy day as all of the government data was not released until 5 PM ET or later – and there was a lot of it. Perhaps the most interesting is the US Department of Commerce “preliminary dumping margins” on oil country tubular goods. Maybe I should restate that – the most interesting part of the OCTG ruling is that the largest exporting country by far – South Korea – did not receive any dumping margins. A number of other countries named in the original complaint received a very minor slap on the hands.
As I sit here in my office at 8 PM on Tuesday evening and review the countries involved and the amount of OCTG they were sending into the United States I have to wonder what will come out of all of this. My understanding is the expense to file these kinds of suits can run well over $1 million. Was it worth it?
