US upholds duties on Chinese OCTG
The US Department of Commerce and the US International Trade Commission have voted to uphold extant anti-dumping and countervailing duties on oil country tubular goods from China, Kallanish understands.
The agencies determined that revoking the duties “...would likely lead to continuation or recurrence of dumping, countervailable subsidies, and material injury to an industry in the United States,” according to a statement published in the Federal Register.
The decision was made following a customary five-year sunset review.
Both sets of duties were last updated in 2010. China’s anti-dumping duties for OCTG range from 32.07-99.14%, while its countervailing duties range from 20.9-26.19%.
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Anonymous
Very good overview of the weekly steel market.
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