International Steel Mills
OCTG Preliminary Findings Released
Written by John Packard
March 3, 2014
During the month of February the U.S. Department of Commerce released their preliminary determinations regarding anti-dumping duty suits which were brought by the domestic steel mills and OCTG producers against 9 countries. The results will not make the domestic mills and OCTG happy as the biggest fish – Korea – escaped unscathed.
The U.S. Department of Commerce released affirmative preliminary determinations in the antidumping duty (AD) investigations of imports of OCTG from India, the Philippines, Saudia Arbia, Taiwan, Thailand, Turkey, Ukraine and Vietnam. The US DOC did not find any dumping in the imports coming from Korea.
India received the following: Jindal SAW Ltd received preliminary dumping margin of 55.29 percent. GVN Fuels, Ltd received 0.00 percent. All other producers/exporters from India received a preliminary dumping margin of 55.29 percent.
The Philippines received a preliminary dumping margin of 8.90 percent (all producers/exporters).
Saudi Arabia with its mandatory respondent – Duferco SA – as well as all other producers/exporters received a preliminary dumping margin of 2.92 percent.
Taiwan’s Chung Hung Steel Corp received 0.00 percent and Tension Steel 2.65 percent. All other producers/exporters 2.65 percent.
Thailand’s mandatory respondent WSP Pipe Co. Ltd. failed to respond and received a dumping margin based on adverse inferences of 118.32 percent. All other producers/exporters from Thailand received a preliminary dumping margin of 118.32 percent.
Turkey’s mandatory respondents Borusan and Yucel received 0.00 percent and 4.87 percent respectively. All other producers/exporters received 4.87 percent.
Ukraine’s mandatory respondent was Interpipe Europe S.A. and all other producers/exporters received a preliminary dumping margin of 5.31 percent.
Vietnam saw one producer – SeAH Steel VINA Corporation received a preliminary dumping margin of 9.57 percent. All other producers/exporters including Hot Rolling Pipe Co., Ltd got 111.47 percent.
The US DOC document stated that all of those who received preliminary dumping margins are required to provide “cash deposits based on the preliminary rates calculated in these investigations.” Korea was found not to owe any duties and is not required to provide any cash deposits.
Steel Market Update is producing a couple of articles on the subject as many feel this suit may be one of the most important for the domestic steel industry since the Section 201’s which go back to the 1980’s.
John Packard
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