OCTG Tariffs Affirmed
As
expected, the U.S. International Trade Commission on May 2 voted in favor of
imposing antidumping penalties ranging from 30-99% on various Chinese producers
of oil country tubular goods. The ITC vote is the final step in a trade
case filed on April 8, 2009 by eight domestic OCTG produces and the United
Steel Workers union. This case was the largest China
trade action brought by any sector of U.S. industry based on volume and
value of imports.
