Dumping occurs when foreign company sells a product in the United States at less than its fair value.
Commerce said these pipe and tube imports from South Korea, Mexico, and Turkey have been sold in the United States at dumping margins ranging from 2.53 percent to 3.81 percent, 3.99 percent to 16.31 percent, and 0.00 percent to 14.48 percent, respectively.
In its South Korea investigation, Dong-A Steel Co. and HiSteel Co., Ltd. received preliminary dumping margins of 2.53 percent and 3.81 percent, respectively. All other South Korean producers/exporters received a preliminary dumping margin of 3.31 percent.
For the Mexico investigation, Commerce said Maquilacero S.A. de C.V. and Productos Laminados de Monterrey S.A. de C.V. received preliminary dumping margins of 3.99 percent and 16.31 percent, respectively, while the country’s other producers/exporters received a preliminary dumping
margin of 13.65 percent.
In the Turkey investigation, MMZ Boru Profil Uretim Sanayi Ve Tic. A.S. and Ozdemir Boru Profil San. Ve Tic. Ltd. Sti. received preliminary dumping margins of 14.48 percent and 0 percent, respectively. All other producers/exporters in Turkey received a preliminary dumping margin of 14.48 percent.
As a result of these preliminary affirmative determinations, Commerce said it will instruct Customs and Border Protection to require cash deposits based on these preliminary rates, except where these rates are de minimis.
The petitioners for these investigations include Illinois-based Atlas Tube, a division of JMC Steel Group; Bull Moose Tube Co. of Missouri; EXLTUBE1 in Missouri; Hannibal Industries of California; Independence Tube Corp. in Illinois; Maruichi American Corp. of California; Searing Industries in California; Southland Tube of Alabama; and Vest Inc. of California.
According to Commerce, in 2014 imports of heavy-walled, rectangular-welded carbon steel pipes and tubes from South Korea, Mexico, and Turkey were valued at an estimated $50.5 million, $53.7 million, and $41.9 million, respectively.
Meanwhile, Commerce has extended its final determinations in these investigations and is scheduled to announce them by July 13. If Commerce makes affirmative final determinations, and the U.S. International Trade Commission also does the same, then Commerce will issue antidumping orders against the three countries. If either Commerce or the ITC issue negative final determination, no antidumping orders will be issued. The ITC is scheduled to make its final injury determinations in September.
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The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
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