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Nine countries are dumping oil tubular goods

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Staff writer ▼ | July 15, 2014
Oil tubular goodsThe U.S. Department of Commerce has decided that South Korea and eight other countries are dumping products known as oil tubular goods in the U.S.

Nine domestic producers, including United States Steel Corp. with operations in Lorain, brought a case seeking antidumping duties on the tubular goods from South Korea, India, the Philippines, Saudi Arabia, Taiwan, Thailand, Turkey, Ukraine and Vietnam last year.

These primarily steel products are often used in oil and gas wells. A preliminary decision in February found that eight of the nine countries were selling the goods below fair market value in the U.S. but spared South Korea — the country exporting the most goods out of the group.

The final decision, released July 11, proposed dumping margins for all the countries in the investigation and required cash deposits to be collected for the estimated antidumping duties.

The case now goes to the International Trade Commission to determine whether there are damages to U.S. companies because of those imports.

According to the department’s fact sheet, final antidumping determinations are expected on or around Aug. 25 for the majority of the countries. The decisions for Korea and Taiwan — which has a single producer with a 0% dumping margin — aren’t expected until Sept. 23.

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