Trade Cases
November 15, 2017
WTO Sides with Korea on OCTG Duties
Written by Sandy Williams
A dispute over OCTG dumping duties assigned by the U.S. on imports of Korean OCTG drew mixed conclusions from a World Trade Organization dispute panel.
The WTO sided with South Korea on claims that the U.S. violated rules in the Antidumping Agreement regarding the calculation of fair value of OCTG. The panel determined that Commerce did not use data pertaining to sales of a like product from the home market of Korea to determine the value of the product. Commerce excluded line pipe and standard pipe, which Korea claimed is the same like-category as OCTG, and instead made its comparison to profit data from a multinational corporation outside of Korea.
