The US Department of Commerce (DOC) has announced it has made a preliminary dumping finding against oil country tubular goods (OCTG) imports from India, the Philippines, Saudi Arabia, Taiwan, Thailand, Turkey, Ukraine, and Vietnam, while issuing a negative preliminary determination for OCTG imports from South Korea.
The preliminary dumping margins for the OCTG imports from the abovementioned countries are as follows:
Country |
Producer |
Dumping margin |
GVN Fuels Limited |
0.00% |
|
Jindal SAW Ltd |
55.29% |
|
All Others |
55.29% |
|
South Korea |
Hyundai HYSCO |
0.00% |
NEXTEEL Co., Ltd. |
0.00% |
|
All Others |
N/A |
|
HLD Clark Steel Pipe Co., Inc. |
8.90% |
|
All Others |
8.90% |
|
Saudi Arabia |
Duferco SA |
2.92% |
All Others |
2.92% |
|
Chung Hung Steel Corp. |
0.00% |
|
Tension Steel Industries Co., Ltd. |
2.65% |
|
All Others |
2.65% |
|
WSP Pipe Co., Ltd. |
118.32% |
|
All Others |
118.32% |
|
Borusan Mannesmann Boru Sanayi ve Ticaret and Borusan Istikbal Ticaret (collectively Borusan) |
0.00% |
|
Çayirova Boru Sanayi ve Ticaret A.Ş. and Yücel Boru Ithalat-Ihracat ve Pazarlama A.Ş. (collectively Yücel) |
4.87% |
|
All Others |
4.87% |
|
Interpipe Europe S.A. |
5.31% |
|
All Others |
5.31% |
|
SeAH Steel VINA Corporation |
9.57% |
|
Vietnam-Wide Entity Rate |
111.47% |
The US DOC is scheduled to announce its final determinations on or about July 8, 2014. This deadline has already been fully extended. If the Department of Commerce makes affirmative final determinations, and if the US International Trade Commission (ITC) makes affirmative final determinations that imports of OCTG from India, South Korea, the Philippines, Saudi Arabia, Taiwan, Thailand, Turkey, Ukraine, and/or Vietnam, materially injure, or threaten material injury to, the domestic industry, the US DOC will issue antidumping duty orders. If either the US DOC or the ITC's final determinations are negative, no antidumping orders will be issued. The ITC will make its final injury determination in August 2014.