OCTG
U.S. Steel says OCTG duty adjustment is too low
Written by Laura Miller
December 6, 2024
A newly adjusted anti-dumping duty on imports of oil country tubular goods (OCTG) from Argentina is too low, according to U.S. Steel.
This past week, the Department of Commerce released the preliminary results of annual AD duty order reviews on OCTG from both Argentina and Mexico. It is reviewing imports during the one-year period that ended Oct. 31, 2023.
U.S. Steel praised Commerce’s finding of a 30.38% dumping margin for Mexico’s Tubos de Acero de Mexico (Tenaris Tamsa).
But the preliminary dumping rate of 6.8% for Argentina’s Tenaris Siderca is problematic for the Pittsburgh-based steelmaker.
“We are encouraged by the Commerce Department’s diligence in enforcing trade laws in its review of Mexican OCTG, but have concerns that Argentine OCTG is being dumped at much higher levels than the preliminary rate,” Duane Holloway, U.S. Steel’s general counsel and chief ethics and compliance officer, said on Thursday.
He added that the company will continue engaging in the reviews “so that Commerce can calculate fair and accurate dumping margins in their final results next year.”
Why is U.S. Steel speaking out about these preliminary case results? The company still produces billets and seamless OCTG at its Fairfield Tubular Operations in Alabama. The facility has an annual capacity of 750,000 short tons of seamless tube products for use in the oil and gas energy markets.
These particular AD duty orders cover imports of both seamless and welded OCTG, including finished and unfinished oil well casing, tubing, and coupling stock.
Laura Miller
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