Steel Mills
July 13, 2014
Mario Longhi Comments on OCTG Final Determination Ruling
Written by John Packard
US Steel has been one of the leaders in the push to prevent foreign oil country tubular goods (OCTG) from being unfairly traded here in the United States. US Steel recently closed two of their OCTG manufacturing facilities. One of the main reasons provided by US Steel was the flood of OCTG imports from countries like South Korea.
The US Department of Commerce released their final determination on the anti-dumping and countervailing duty trade cases on oil country tubular goods (OCTG). There were some adjustments, both in favor of the domestic steel industry and against the steel mills and domestic OCTG producers. The net result is still in question as we will have to wait and see if the duties charged change the exports of OCTG out of any of the nine countries listed in the complaint. Here is the statement made by Mario Longhi, President and CEO of US Steel about the US DOC final determination findings:
