Several U.S. Steel Mills Petitioned for Line Pipe Duties Against Korea, Turkey
A total of eight U.S. steel mills have petitioned the United States Department of Commerce (U.S. DOC) and the United States International Trade Commission (U.S. ITC) in regards to antidumping (AD) and countervailing duty (CVD) investigations surrounding Korea and Turkey. The petitions focus specifically on API specified line pipe no bigger than 24” that is used to transport oil and gas imported from the two countries after the success of the OCTG case just concluded against Korea and Turkey.
The alleged dumping margins are 58.83-221.54 for Korea and 16% for Turkey. Since AD and CVD orders have been placed on OCTG to the United States from Turkey and Korea, producers who relied on the exports of these line pope products will be desperately searching for a new outlet.
Vice President of Policy and Communications at Steel Manufacturers Association Adam Parr said the investigation does not surprise him. “The domestic market has recently seen a substantial increase in line pipe imports from Korea and Turkey. This targeting of our market has harmed U.S. steel producers, their employees and surrounding communities. The U.S. cannot continue to be a market of last resort for the world’s overcapacity problem.