US Oil Pipe Makers Eye Anti-Dumping Duties on Taiwan Firms
OREANDA-NEWS. July 16, 2013. A group of oil pipe makers led by United States Steel Corp. has filed a trade complaint against competitors in nine nations including Taiwan, alleging goods from the countries are sold in the U.S. market below cost.
The U.S. coalition issued the complaint with the International Trade Commission on Wednesday in Washington. Countries named in the complaint are India, South Korea, the Philippines, Saudi Arabia, Taiwan, Thailand, Turkey, Ukraine and Vietnam.
United States Steel Corp. said that some nations listed in the complaint sold goods in the U.S. market below cost with the benefit of government subsidies.
Producers including U.S. Steel won U.S. duties averaging 86 percent on Chinese pipes used in oil and gas wells after complaining in a similar case in 2009 that they were being hurt by below-market prices for Chinese products.
The latest case, if successful, would be a “landmark record win for the U.S. steel industry” because it would create a defense against imported oil pipe products, said Michelle Applebaum, managing partner at consultant Steel Market Intelligence in Chicago.
Nucor Corp., the biggest U.S. steel producer by sales, would also benefit if the case is successful, Applebaum said
U.S. Steel, which got 43 percent of its 2012 operating income from its tubular division, rose 8.3 percent, the most since Jan. 2, to close at USD 19.25 per share in New York. Luxembourg-based Tenaris' American depositary receipts, each worth two ordinary shares, gained 9.1 percent, to USD 44.79.
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