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U.S. Commerce Department Finds Subsidization of OCTG from China
Nov. 25, 2009 The Department of Commerce announced on November 24 its final determination in the countervailing duty (CVD) investigation on imports of oil country tubular goods (OCTG) from P.R. China.
Commerce found that Chinese producers/exporters of OCTG have received net countervailable subsidies ranging from 10.36% for Tianjin Pipe (Group) Co. to 15.78% for Zhejiang Jianli Enterprise Co., Ltd.
Other mandatory respondents Jiangsu Changbao Steel Tube Co., Ltd. and Wuxi Seamless Pipe Co., Ltd. received final subsidy rates of 11.98 and 14.61%, respectively; all other Chinese producers/exporters received a rate of 13.20%.
As a result, Commerce will instruct U.S. Customs and Border Protection to collect a cash deposit or bond based on these final rates.
Petitioners for this investigation are Maverick Tube Corp., United States Steel Corp., TMK IPSCO, V&M Star LP, Wheatland Tube Corp., Evraz Rocky Mountain Steel, and United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union, AFL-CIOCLC.
From 2006 to 2008, imports of OCTG from China increased 357.67% by volume and were valued at an estimated $2.7 billion in 2008.
The U.S. International Trade Commission (ITC) is currently scheduled to issue its final determination on or before January 7, 2010. If the ITC makes an affirmative final determination that imports of OCTG from China materially injure, or threaten material injury to, the domestic industry, Commerce will issue a CVD order.