The U.S. International Trade Commission (ITC) voted unanimously on May 22.
The U.S. International Trade Commission
(ITC) voted unanimously on May 22 that there is a reasonable indication that a
U.S. industry is threatened with material injury by reason of imports of oil
country tubular goods from China that are allegedly subsidized and sold in
the U.S. at less than fair value. As a result, the U.S. Dept. of Commerce
will continue to conduct its countervailing duty and antidumping investigations
on imports of these products from China, with its preliminary countervailing
duty determination due on or about July 2, 2009, and its preliminary
antidumping determinations due on or about Sept. 15, 2009.
A couple of weeks later, China's Ministry of Commerce announced that it was
investigating U.S. steelmakers, along with some Russian producers, for selling
certain steel products at below market value. China also is investigating
whether U.S. steel producers are benefiting from unfair federal and state
subsidies tied to U.S. economic stimulus funds. The announcement was widely
seen as retaliation for the ITC’s investigation of OCTG products.