US launches AD & CVD investigation on OCTG from 3 countries

Australian iron ore producer Rio Tinto and steelmaker BlueScope will together explore low-carbon steel production using Pilbara iron ore, including the usage of On October 27, 2021, the US Department of Commerce (USDOC) announced that it has launched anti-dumping (AD) investigations on oil country tubular goods (OCTG) from Argentina, Mexico, and Russia, and countervailing duty (CVD) investigation on the same products from Russia and South Korea.

The investigations were launched based on the application filed by US companies Borusan Mannesmann Pipe U.S., Inc., PTC Liberty Tubulars LLC, U.S. Steel Tubular Products, Inc., United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union (USW), AFL-CIO, CLC, and Welded Tube USA, Inc. on October 6, 2021.

The products involved are classified under Harmonized Tariff Schedule of the United States subheadings 7304.29.10.10, 7304.29.10.20, 7304.29.10.30, 7304.29.10.40, 7304.29.10.50, 7304.29.10.60, 7304.29.10.80, 7304.29.20.10, 7304.29.20.20, 7304.29.20.30, 7304.29.20.40, 7304.29.20.50, 7304.29.20.60, 7304.29.20.80, 7304.29.31.10, 7304.29.31.20, 7304.29.31.30, 7304.29.31.40, 7304.29.31.50, 7304.29.31.60, 7304.29.31.80, 7304.29.41.10, 7304.29.41.20, 7304.29.41.30, 7304.29.41.40, 7304.29.41.50, 7304.29.41.60, 7304.29.41.80, 7304.29.50.15, 7304.29.50.30, 7304.29.50.45, 7304.29.50.60, 7304.29.50.75, 7304.29.61.15, 7304.29.61.30, 7304.29.61.45, 7304.29.61.60, 7304.29.61.75, 7305.20.20.00, 7305.20.40.00, 7305.20.60.00, 7305.20.80.00, 7306.29.10.30, 7306.29.10.90, 7306.29.20.00, 7306.29.31.00, 7306.29.41.00, 7306.29.60.10, 7306.29.60.50, 7306.29.81.10, and 7306.29.81.50.

The US International Trade Commission (ITC) was expected to make preliminary determinations of AD and CVD on November 22, 2021.

According to the final results of anti-dumping (AD) duty administrative review on certain cold-drawn mechanical tubing of carbon and alloy steel, the US Department of Commerce (USDOC) determined that Tube Products of India, Ltd. sold the subject products in the US market at prices lower than normal value during the period of review from June 1, 2019 to May 31, 2020.

Besides, the USDOC determined that Goodluck India Limited didn’t have any shipments during the period of review.

As a result, the weighted-average dumping margin for Tube Products was set at 13.06%, and the cash deposit rate for all other producers or exporters will maintain at previously established 5.87%.

Post time: Nov-02-2021