The US Department of Commerce (DOC) announced it will reduce antidumping margins on imports of OCTG from South Korea. The amendment is the result of an August 2 ruling by the US Court of International Trade (CIT) that said the margins were not in harmony with the DOC’s earlier final determinations.
AD margins previously ranged from 9.89-15.75 percent. New margins for Hyundai Hysco will be 6.49 percent (down from 15.75 percent); Nexteel’s new margin is 3.98 percent (down from 9.89 percent); and all other Korean producers will be assigned margins of 5.24 percent (down from 12.82 percent).
The amendment goes into effect as of August 12, 2016.