Steel Institute Pleased With Commerce Determination on OCTG

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For Immediate Release
July 11, 2014

WASHINGTON, D.C. – The American Iron and Steel Institute (AISI) today hailed the Department of Commerce (DOC) affirmative final determination in the trade case on Oil Country Tubular Goods (OCTG) against nine countries, including South Korea.

Thomas J. Gibson, president and CEO of the American Iron and Steel Institute (AISI), said, “Imports from these countries have surged in the past few years, and we are pleased that the Commerce Department has reversed its preliminary determination with respect to Korea and taken this critical step to find that imports from all nine investigated countries are benefitting from unfair trade practices.   It is critical that the U.S. government continue to aggressively and strictly enforce our trade laws to ensure that relief is provided to steelmakers and the nearly one million workers directly or indirectly supported by the steel industry.  Today’s determination is a positive development in this important case.”

Gibson said the affirmative decision allows the case to move forward to the International Trade Commission for a hearing next week, and he is “confident they will also recognize that the unfairly traded imports are causing injury to the domestic industry.”

Contact: Lisa Harrison

202.452.7115 / lharrison@steel.org

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AISI serves as the voice of the North American steel industry in the public policy arena and advances the case for steel in the marketplace as the preferred material of choice.  AISI also plays a lead role in the development and application of new steels and steelmaking technology. AISI is comprised of 22 member companies, including integrated and electric furnace steelmakers, and approximately 125 members who are suppliers to or customers of the steel industry. AISI’s member companies represent over three quarters of both U.S. and North American steel capacity.  For more news about steel and its applications, view AISI’s Web site at www.steel.org