Steel Institute Pleased With Commerce Determination on OCTG
07/14/2014 - The American Iron and Steel Institute (AISI) hailed the Department of Commerce (DOC) affirmative final determination in the trade case on oil country tubular goods (OCTG) against nine countries, including South Korea.
Thomas J. Gibson, president and CEO of the American Iron and Steel Institute (AISI), said, “Imports from these countries have surged in the past few years, and we are pleased that the Commerce Department has reversed its preliminary determination with respect to Korea and taken this critical step to find that imports from all nine investigated countries are benefitting from unfair trade practices. It is critical that the U.S. government continue to aggressively and strictly enforce our trade laws to ensure that relief is provided to steelmakers and the nearly one million workers directly or indirectly supported by the steel industry. Today’s determination is a positive development in this important case.”
Gibson said the affirmative decision allows the case to move forward to the International Trade Commission for a hearing next week, and he is “confident they will also recognize that the unfairly traded imports are causing injury to the domestic industry.”
Gibson said the affirmative decision allows the case to move forward to the International Trade Commission for a hearing next week, and he is “confident they will also recognize that the unfairly traded imports are causing injury to the domestic industry.”