Commerce to Require AD Cash Deposits on OCTG From Eight Countries; Not South Korea
The Commerce Department will require antidumping duty cash deposits on oil country tubular goods (OCTG) from India, the Philippines, Saudi Arabia, Taiwan, Thailand, Turkey, Ukraine, and Vietnam (A-533-857, A-565-802, A-517-804, A-583-850, A-549-832, A-489-816, A-823-815, A-552-817) after preliminarily finding companies from those countries undersold the product in the U.S., it said in a fact sheet issued Feb. 18. Commerce also preliminarily found that OCTG from South Korea is not being dumped in the U.S., so it will not require AD duty cash deposits on imports of OCTG from South Korea. The next step is Commerce’s final determination, currently scheduled for July 8. At that time, Commerce may reverse its finding for South Korea and require AD duty cash deposits on OCTG from that country.
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
AD duty cash deposit requirements for OCTG from India, the Philippines, Saudi Arabia, Taiwan, Thailand, Turkey, Ukraine and Vietnam will take effect on the date that Commerce’s preliminary determinations are published in the Federal Register. Commerce also found “critical circumstances” for Indian company Jindal and all Vietnamese companies except for SeAH Steel because the companies ramped up sales of OCTG before the preliminary determination in an attempt to get as much product in before imposition of duties. For Jindal and the Vietnamese companies, AD duty cash deposits will take effect 90 days prior to publication of the preliminary determination.