The U.S. Department of Commerce recently announced its affirmative preliminary determination in the antidumping duty investigations of oil country tubular goods (OCTG) from Argentina, Mexico and Russia. The petition was originally filed in October of 2021 by several pipe and steel tubular companies and the final determination is expected in November of 2022.
Announced on May 5, 2022, this preliminary determination now requires the department to verify information from the foreign producers and then issue a report on these findings. During this time, Argentina, Mexico, and Russia will require cash deposits on OCTG imports equal to the estimated weighted-average dumping margin or the estimated all-others rate.
For Argentina, the rate is listed at 76.43%; Mexico at 69.56% and Russia at 11.82%, 121.11% and 70.49%. The import statistics and more information on the case calendar and dumping rates can be found on the Department of Commerce’s case information page.
According to the Commerce Department, dumping occurs “when a foreign producer sells its product at a lower price in the importing country than it does in its home country, in other primary markets, or below its production costs.” In 2020, the International Trade Commission, an independent agency which examines whether the U.S. industry has been injured as a result of dumping, voted 3-2 against assessing antidumping and countervailing duties on fabricated structural steel made in Canada, Mexico and China.
If you would like to engage on this matter or other trade issues, please contact Director Government Affairs Maria Suarez-Simmons about the International Trade Policy Committee.
Maria Suarez-Simmons, Director Government Affairs, writes about industry-specific policies for the Energy Workforce & Technology Council. Click here to subscribe to the Energy Workforce newsletter, which highlights sector-specific issues, best practices, activities and more.