Industry News…The U.S. International Trade Commission
The U.S. International Trade Commission
imposed preliminary antidumping duties on Chinese makers of OCTG pipe ranging
from 36.5% t0 99% on Nov. 5. They apply to imports that totaled $2.6 billion in
2008, reportedly the largest trade sanction ever imposed by the U.S. These are
in addition to previous countervailing duties of 10.7% to 30.% the ITC
announced in September on these products. The action was in response to a
petition filed by six U.S.
steel pipe manufacturers earlier this year. China responded with a host of
retaliatory trade actions that sparked fears of a trade war.
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