Pittsburgh-based U.S. Steel Corp. says the federal government’s early findings of continued dumping by one of its major competitors validate its trade complaints against the company.
“As we have for decades, U.S. Steel will continue to lead the domestic industry in the fight against unfairly traded imports on behalf of our steelworkers, communities, and customers,” Duane Holloway, U.S. Steel’s senior vice president, general counsel, and chief ethics and compliance officer, said.
In preliminary results published in the Dec. 5 Federal Register, the U.S. Commerce Department found that oil country tubular goods (OCTG) are being sold in the United States at prices below normal value by two subsidiaries of Tenaris S.A., a global manufacturer and supplier of steel pipes and related services, primarily for the energy industry.
Specifically, Argentine OCTG produced and exported by Siderca S.A.I.C. and Mexico OCTG produced and exported by Tubos de Acero de Mexico S.A., both Tenaris companies, continued to be dumped in the U.S. market at rates of 6.80 percent and 30.38 percent, respectively, during the 2022-2023 review period, according to the department’s notice.
The Commerce Department said that until it calculates a dumping margin, all imports of Tenaris’ Argentine OCTG remain subject to 78.3 percent cash deposits, and Mexican OCTG remain subject to 44.93 percent cash deposits. Argentine OCTG is also subject to an annual Section 232 quota of 148,000 metric tons.
“We are encouraged by the Commerce Department’s diligence in enforcing trade laws in its review of Mexican OCTG, but have concerns that Argentine OCTG is being dumped at much higher levels than the preliminary rate,” Holloway said. “We look forward to continuing to engage in the reviews so that Commerce can calculate fair and accurate dumping margins in their final results next year.”