Steel Institute Pleased with Affirmative Injury Determinations in OCTG Trade Case
08/26/2014 - The American Iron and Steel Institute (AISI) commented in response to the U.S. International Trade Commission’s (ITC) final vote in the trade cases on imports of oil country tubular goods (OCTG) from nine countries.
"We are pleased that the ITC made affirmative injury determinations with respect to imports of OCTG from India, Korea, Taiwan, Turkey, Ukraine and Vietnam. Unfairly traded-imports of OCTG from these countries have been very damaging to American steel producers, taking away significant sales in the energy sector, which should be a bright spot for the industry given increased oil and gas development in the U.S. We are disappointed the Department of Commerce found Saudi Arabia’s revised dumping margin to be at a de minimis level, and by the negative injury determinations as to Thailand and the Philippines," said Thomas J. Gibson, president and CEO of AISI.
"The ITC’s decision is an important step toward providing the steel industry much needed relief against unfair trade. American steel producers can compete with any other steel industry in the world, but we cannot compete with governments. The high level of imports of a number of steel products into the U.S. puts jobs and investments at risk. We need continued strong enforcement of our trade laws to combat these unfair imports, to level the playing field and to ensure a strong U.S. manufacturing base," concluded Gibson.
"The ITC’s decision is an important step toward providing the steel industry much needed relief against unfair trade. American steel producers can compete with any other steel industry in the world, but we cannot compete with governments. The high level of imports of a number of steel products into the U.S. puts jobs and investments at risk. We need continued strong enforcement of our trade laws to combat these unfair imports, to level the playing field and to ensure a strong U.S. manufacturing base," concluded Gibson.
