Koreans Hit With OCTG Dumping Margins

The International Trade Commission and Commerce Department issued the following determination on antidumping relief on OCTG imports from South Korean steelmakers:

“Today, the Department of Commerce announced its affirmative final determinations in the AD investigations of imports of OCTG from India, Korea, the Philippines, Saudi Arabia, Taiwan, Thailand, Turkey, Ukraine, and Vietnam, and CVD investigations of imports of OCTG from India and Turkey.  The investigations cover certain OCTG, which are hollow steel products of circular cross-section, including well casing and tubing, of iron (other than cast iron) or steel (both carbon and alloy).  The investigations also cover OCTG coupling stock and unfinished green tubes.  OCTG are primarily used in oil and gas wells.  Casing is a circular pipe that serves as the structural retainer for the walls of the well and is used in the drill hole to support the walls of the hole to prevent caving during drilling and after well completion.  It also serves as a surface pipe designed to prevent contamination of the recoverable oil and gas.  Tubing is typically a smaller-diameter pipe installed inside casing and is used to conduct the oil or gas from the subsurface strata to the surface.” The International Trade Administration full report can be found by clicking on this link.