Steel Institute Pleased with International Trade Commission’s Affirmative Injury Determinations with Respect to OCTG from Six Countries

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AISI disappointed that relief was not granted with respect to other countries

For Immediate Release
August 22, 2014

WASHINGTON, D.C. – The American Iron and Steel Institute (AISI) commented today in response to the U.S. International Trade Commission’s (ITC) final vote in the trade cases on imports of Oil Country Tubular Goods (OCTG) from nine countries.

"We are pleased that the ITC made affirmative injury determinations with respect to imports of OCTG from India, Korea, Taiwan, Turkey, Ukraine and Vietnam. Unfairly traded-imports of OCTG from these countries have been very damaging to American steel producers, taking away significant sales in the energy sector, which should be a bright spot for the industry given increased oil and gas development in the U.S. We are disappointed the Department of Commerce found Saudi Arabia’s revised dumping margin to be at a de minimis level, and by the negative injury determinations as to Thailand and the Philippines," said Thomas J. Gibson, president and CEO of AISI.

"The ITC’s decision is an important step toward providing the steel industry much needed relief against unfair trade. American steel producers can compete with any other steel industry in the world, but we cannot compete with governments. The high level of imports of a number of steel products into the U.S. puts jobs and investments at risk. We need continued strong enforcement of our trade laws to combat these unfair imports, to level the playing field and to ensure a strong U.S. manufacturing base," concluded Gibson.

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 associate 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 website at www.steel.org.