US continues price dumping probe
US continues price dumping probe
The United States International Trade Commission (USITC) has determined that there is a reasonable indication that US industry is materially injured by reason of imports of certain oil country tubular goods (OCTG) from Viet Nam and other import nations.
According to the Viet Nam Competition Authority (VCA), Viet Nam was accused of price dumping of between 103 and 111 per cent. This will directly affect 16 domestic steel manufacturers and nearly 7,500 workers.
It is said that imports of OCTG from Viet Nam and other countries and territories including India, South Korea, the Philippines, Saudi Arabia, Taiwan, Thailand, Turkey and the Ukraine are allegedly sold in the US at less than fair value.
The US Department of Commerce (DOC) officially started anti-dumping duty investigation into OCTG imported from Viet Nam, South Korea, India, Turkey, Taiwan, Ukraine, the Philippines, Saudi Arabia and Thailand.
The move was made after some US steel and steel pipe producers had lodged complaints against those countries on dumping OCTG to DOC on July 2.
As a result of the USITC's affirmative determinations, DOC will continue to conduct its investigations on imports of these products. It's expected to issue the preliminary conclusion in December and the final one will be given in February 2014.
Last year, Viet Nam exported 199,000 tonnes of OCTG to the US, earning a turnover of US$189 million and accounting for 12 per cent of the country's imports of the product.
Since 2011, the Vietnamese steel sector has faced four anti-dumping lawsuits. Three previous lawsuits were on carbon-welded steel pipes, steel-wire garment hangers and welded, stainless steel pressure pipes.
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