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Category: Duties

US Steel Pipe Makers Win Key Anti-Dumping Case Against Cheap Imports

August 27, 2014 Posted by Chris Wysong

Domestic steelmakers are pleased with new duties being imposed on South Korean imports. US Steel Pipe Makers Win Key Anti-Dumping Case Against Cheap Imports By : Elvina Nawaguna WASHINGTON, Aug 22 (Reuters) - The United States has approved anti-dumping duties against South Korea and other producers of steel pipes for the energy sector, a victory for domestic producers hoping to benefit from a boom in the U.S. shale oil and gas industry. U.S. steel companies lodged a complaint in 2013 as foreign manufacturers cashed in on soaring U.S. energy infrastructure demand. Imports doubled last year and accounted for nearly two-thirds of the domestic market, according to the American Iron and Steel Institute. Although subject to appeal, the decision puts the U.S. Department of Commerce closer to imposing tariffs as high as 118 percent on oil country tubular goods (OCTG). This was a resounding victory for the domestic steelmakers, said Phillip Bell, president of the Steel Manufacturers

Posted in Imports, Duties, Policy
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