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Commerce Finds Dumping, Subsidization of Drill Pipe from China
01/05/2011 - The Department of Commerce announces its affirmative final determinations in the antidumping duty and countervailing duty investigations on imports of drill pipe from P.R. China.
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Dumping occurs when a foreign company sells a product in the United States at less than fair value. Subsidies are financial assistance from foreign governments that benefit the production, manufacture, or exportation of goods.
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Commerce determined that Chinese producers/exporters have sold drill pipe in the United States at margins ranging between 0.00 and 69.32%. Commerce also determined that Chinese producers/exporters have received countervailable subsidies of 18.18% ad valorem.
The ITC is currently scheduled to issue its final injury determinations on or before February 17, 2011.
If the ITC makes affirmative final determinations that imports of drill pipe from China materially injure, or threaten material injury to, the domestic industry, Commerce will issue antidumping and countervailing duty orders.
Petitioners for these investigations include VAM Drilling USA, Inc. (Texas); Texas Steel Conversions, Inc. (Texas); Rotary Drilling Tools (Texas); TMK IPSCO (Ill.); and the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union, AFL-CIO-CLC (Pa.).
