Oil Country Tubular Goods from Argentina, Mexico, Russia, and South Korea Injures U.S. Industry, Says USITC

The United States International Trade Commission (USITC) today determined that a U.S. industry is materially injured by reason of imports of oil country tubular goods from Argentina, Mexico, Russia, and South Korea that the U.S. Department of Commerce (Commerce) has determined are sold in the United States at less than fair value and are subsidized by the governments of Russia and South Korea.

Chairman David S. Johanson and Commissioners Rhonda K. Schmidtlein, Jason E. Kearns, Randolph J. Stayin, and Amy A. Karpel voted in the affirmative.

As a result of the Commission's affirmative determinations, Commerce will issue countervailing duty orders on imports of this product from Russia and South Korea, and antidumping duty orders on imports of this product from Argentina, Mexico, and Russia.

The Commission also made negative critical circumstances findings with regard to imports of this product from Mexico and Russia. As a result, these imports will not be subject to retroactive antidumping duties.

The Commission's public report Oil Country Tubular Goods from Argentina, Mexico, Russia, and South Korea (Inv. Nos. 701-TA-671-672 and 731-TA-1571-1573 (Final), USITC Publication 5381, October 2022) will contain the views of the Commission and information developed during the investigations.

The report will be available by November 23, 2022; when available, it may be accessed on the USITC website at: http://pubapps.usitc.gov/applications/publogs/qry_publication_loglist.asp.

UNITED STATES INTERNATIONAL TRADE COMMISSION

Washington, DC 20436

FACTUAL HIGHLIGHTS

Oil Country Tubular Goods from Argentina, Mexico, Russia, and South Korea

Investigation Nos. 701-TA-671-672 and 731-TA-1571-1573 (Final)

Product Description: The merchandise covered by these investigations is certain OCTG, which are hollow steel products of circular cross-section, including oil well casing and tubing, of iron (other than case iron) or steel (both carbon and alloy), whether seamless or welded, regardless of end finish (e.g., whether or not plain end, threaded, or threaded and coupled) whether or not conforming to American Petroleum Institute (API) or non-API specifications, whether finished (including limited service OCTG products) or unfinished (including green tubes and limited service OCTG products), whether or not thread protectors are attached. The scope of these investigations also covers OCTG coupling stock. Excluded from the scope of the investigation are: casing, tubing, or coupling stock containing 10.5 percent or more by weight of chromium; drill pipe; unattached couplings; and unattached thread protectors.

Status of Proceedings:

1. Type of investigation: Final countervailing duty and antidumping duty investigations.

2. Petitioners: Borusan Mannesmann Pipe U.S., Inc., Baytown, TX; PTC Liberty Tubulars LLC, Liberty, TX; U.S. Steel Tubular Products, Inc., Pittsburgh, PA; Welded Tube USA, Inc., Lackawanna, NY; and the United States Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union, AFL-CIO, CLC, Pittsburgh, PA.

3. USITC Institution Date: Wednesday, October 6, 2021.

4. USITC Hearing Date: Thursday, September 22, 2022.

5. USITC Vote Date: Wednesday, October 26, 2022.

6. USITC Notification to Commerce Date: Monday, November 7, 2022.

U.S. Industry in 2021:

1. Number of U.S. producers: 18.

2. Location of producers’ plants: Alabama, Arkansas, Colorado, Kentucky, Louisiana, New York, Ohio, Oklahoma, Pennsylvania, and Texas.

3. Production and related workers: 4,779.

4. U.S. producers’ U.S. shipments: $2.886 billion.

5. Apparent U.S. consumption: $5.117 billion.

6. Ratio of subject imports to apparent U.S. consumption: 1

U.S. Imports in 2021:

1. Subject imports: [1]

2. Nonsubject imports: 1

3. Leading import sources: Argentina, Mexico, Russia, and South Korea

[1] Withheld to avoid disclosure of business proprietary information.