Oil Country Tubular Goods from Argentina, Mexico, Russia, and South Korea Injures U.S. Industry, Says USITC

31/10/2022 07:20 - 44 Views

The United States International Trade Commission (USITC) today determined that a U.S. industry is materially injured by reason of imports of oil country tubular goods from Argentina, Mexico, Russia, and South Korea that the U.S. Department of Commerce (Commerce) has determined are sold in the United States at less than fair value and are subsidized by the governments of Russia and South Korea.

Chairman David S. Johanson and Commissioners Rhonda K. Schmidtlein, Jason E. Kearns, Randolph J. Stayin, and Amy A. Karpel voted in the affirmative.

As a result of the Commission’s affirmative determinations, Commerce will issue countervailing duty orders on imports of this product from Russia and South Korea, and antidumping duty orders on imports of this product from Argentina, Mexico, and Russia.

The Commission also made negative critical circumstances findings with regard to imports of this product from Mexico and Russia. As a result, these imports will not be subject to retroactive antidumping duties.

The Commission’s public report Oil Country Tubular Goods from Argentina, Mexico, Russia, and South Korea (Inv. Nos. 701-TA-671-672 and 731-TA-1571-1573 (Final), USITC Publication 5381, October 2022) will contain the views of the Commission and information developed during the investigations.

Source: USITC