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AISI Applauds ITC Imports Vote in OCTG Trade Case
08/20/2013 - The American Iron and Steel Institute (AISI) applauded the affirmative preliminary injury vote by the International Trade Commission, which allows the AD and CD investigations on OCTG from India, Philippines, Saudi Arabia, South Korea, Taiwan, Thailand, Turkey, Ukraine and Vietnam to move forward.
Thomas J. Gibson, president and CEO of AISI, said, “We are very pleased that the ITC has taken this significant first step in making a preliminary determination that these imports are causing material injury to the domestic steel industry. The U.S. laws against unfair trade exist to counter market-distorting practices – like dumping and subsidies -- and to restore conditions of fair trade. U.S. companies and their workers deserve to have a fair shake, and we applaud today’s vote as an important move towards providing U.S. steel producers relief from unfairly traded OCTG imports.”
Gibson said that imports from these countries have surged by 111% in the past few years. He noted that the volume of U.S. imports of OCTG from the subject countries soared from 840,313 tons in 2010 to 1,771,320 tons in 2012. In the first quarter of this year, 425,987 tons of imports entered the market from the subject countries.
