The US Department of Commerce has amended the antidumping (AD) margins on oil country tubular goods (OCTG) from South Korea since the previous duty was not in harmony with the US Court of International Trade’s (CIT) ruling on the matter.
In a new order, Commerce established new weighted-average dumping margins for Nexteel and SeAH at 3.63pc and 2.97pc, respectively. Along with this, any non-examined OCTG producer from Korea will also be subject to an AD duty of 3.30pc.
These margins, which previously stood at 24.92pc for Nexteel and 13.84pc for non-examined producers, have been revised by Commerce on advice from the CIT, after taking the general and administrative expenses of the Korean exporters into account.
If the CIT’s verdict is not appealed or is upheld after an appeal, Commerce will direct US Customs and Border Protection to liquidate the previously suspended entries with the fresh AD margins. Cash deposit rates for the subject merchandise will be estimated at 3.30pc.