On November 24, the US Department of Commerce (DOC) announced its final determination in the countervailing duty (CVD) investigation on imports of certain oil country tubular goods (OCTG) from China.
The DOC found that Chinese producers/exporters of OCTG have received net countervailable subsidies ranging from 10.36 to 15.78 percent.
Producer/Exporter | Subsidy rate (%) |
Jiangsu Changbao Steel Tube Co., Ltd. | 11.98 |
Tianjin Pipe (Group) Co. | 10.36 |
Wuxi Seamless Pipe Co., Ltd. | 14.61 |
Zhejiang Jianli Enterprise Co., Ltd. | 15.78 |
All Others | 13.2 |
Notably, these duties are decreased from the DOC's preliminary determination made in September, which applied duties ranging from 10.9 percent to 30.69 percent.
As a result of this final determination, the DOC will instruct US Customs and Border Protection to collect a cash deposit or bond based on these final rates.
The merchandise covered by this investigation is currently classified in the Harmonized Tariff Schedule of the United States (HTSUS) under item numbers: 7304.29.10.10, 7304.29.10.20, 7304.29.10.30, 7304.29.10.40, 7304.29.10.50, 7304.29.10.60, 7304.29.10.80, 7304.29.20.10, 7304.29.20.20, 7304.29.20.30, 7304.29.20.40, 7304.29.20.50, 7304.29.20.60, 7304.29.20.80, 7304.29.31.10, 7304.29.31.20, 7304.29.31.30, 7304.29.31.40, 7304.29.31.50, 7304.29.31.60, 7304.29.31.80, 7304.29.41.10, 7304.29.41.20, 7304.29.41.30, 7304.29.41.40, 7304.29.41.50, 7304.29.41.60, 7304.29.41.80, 7304.29.50.15, 7304.29.50.30, 7304.29.50.45, 7304.29.50.60, 7304.29.50.75, 7304.29.61.15, 7304.29.61.30, 7304.29.61.45, 7304.29.61.60, 7304.29.61.75, 7305.20.20.00, 7305.20.40.00, 7305.20.60.00, 7305.20.80.00, 7306.29.10.30, 7306.29.10.90, 7306.29.20.00, 7306.29.31.00, 7306.29.41.00, 7306.29.60.10, 7306.29.60.50, 7306.29.81.10, and 7306.29.81.50.
From 2006 to 2008, imports of OCTG from China increased 357.67 percent by volume and were valued at an estimated $2.7 billion in 2008.
The US International Trade Commission (ITC) is currently scheduled to issue its final determination on or before January 7, 2010. If the ITC makes an affirmative final determination that imports of OCTG from China materially injure, or threaten material injury to, the domestic industry, the DOC will issue a CVD order.
As previously reported by SteelOrbis, in the accompanying antidumping case filed by the US industry against Chinese OCTG, the US DOC in early November calculated preliminary dumping margins ranging from 0.00 to 99.14 percent.