OCTG Antidumping Duties Imposed On China
As expected, the Commerce Department
imposed penalties of up to 99% on some $2.7 billion worth of oil field pipe
imports from China. It is one of the largest-ever dumping decisions
against Chinese goods. Tianjin Pipe received a final dumping rate of 29.94%, as
did 37 other Chinese respondents. All other Chinese exporters are subject to
the final dumping rate of 99%. The U.S. International Trade Commission could
still strike down the anti-dumping duties if it decides domestic producers have
not been harmed by the lower-priced Chinese products. That vote is scheduled
for May 10. The panel has already found injury in the countervailing duty
portion of the case.
