The U.S. International Trade Commission (USITC) determined on Wednesday that there is reasonable indication that the US steel industry is materially injured by import of welded line pipe from Korea and Turkey.
The affirmative vote means the countervailing and antidumping investigation will proceed with a preliminary CV determination due on or about January 9, 2015, followed by an AD determination around March 25.
Welded pipe imports from Turkey and Korea totaled nearly 800,000 tons in 2013 for sales of $654.5 million. Welded pipe sales from other countries in 2013 totaled $551.4 million.
Flat rolled steel is used in the production of welded pipe, in particular, hot rolled coil. It is suggested that a positive determination by the Commission could impact domestic supply and thus affect flat rolled prices in 2015.
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