Ukraine OCTG: Commerce Suspends Investigation, Cash Deposits Refunded
The Commerce Department will order CBP to liquidate all entries subject to its antidumping duty investigation on oil country tubular goods from Ukraine (A-823-815), and refund any cash deposits collected, after signing an agreement with Ukrainian exporters suspending the investigation. Under the agreement, Ukrainian company Interpipe agrees to completely eliminate any dumping of OCTG in the United States. The agreement, which took effect July 10, will be subject to the five-year sunset reviews normally conducted in AD duty proceedings. Commerce says it found a 6.73% AD duty rate for all Ukrainian OCTG exporters in its final determination (here).
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The next step is for the International Trade Commission to make its final injury determination, currently scheduled for Aug. 25. If the ITC finds injury, the suspension agreement will remain in effect. If the ITC finds no injury, the suspension agreement and investigation will be terminated.
(The period of investigation is 07/01/12 - 06/30/13. See Commerce's notice for more information, including the scope (unchanged from the initiation), suspension of liquidation, cash deposit instructions, etc. See 14022420 for summary of the preliminary determination.)
Contact -- Sally Craig Gannon (202) 482-0162
(Federal Register 07/18/14)