US DOC: Preliminary results of AD review on OCTG from S. Korea

Upon a request filed by IPSCO Tubulars Inc, Lone Star Steel Company, and Maverick Tube Corporation (collectively the “petitioners”) and SeAH Steel Corporation (SeAH), the US Department of Commerce (DOC), on September 28, 2005, initiated an antidumping administrative review on oil country tubular goods (OCTG), other than drill pipe, imported from South Korea. The review covered the period August 1, 2004, through July 31, 2005. The review covered SeAH and Husteel Co Ltd. The DOC preliminarily found that both Husteel and SeAH made sales below normal value (NV). Accordingly, the weighted-average dumping margins existing for the period August 1, 2004, through July 31, 2005, are as follows:

Producers/Manufacturers                    Margin
 
SeAH Steel Corporation......................0.58%
HusteelCo Ltd...............................0.85% 

The dumping deposit rates, which will remain in effect till the final results of this review are issued, are 6.84 percent and 12.30 percent for SeAH and Husteel, respectively. Interested parties are requested to comment on the preliminary results.