U.S. ITC Approves Anti-dumping Investigation on Korean-made Steel Pipes

SEOUL, KOREA- The U.S. International Trade Commission has approved an anti-dumping investigation against Korean suppliers of steel pipes used by oil and natural gas producers. On August 16, the commission passed a proposal unanimously to investigate allegations that oil country tubular goods suppliers from nine countries are dumping their products in the U.S.

The ITC said in a statement, "There is a reasonable indication that the U.S. industry is materially injured by reason of imports of certain oil country tubular goods from South Korea, India, the Philippines, Saudi Arabia, Taiwan, Thailand, Turkey, Ukraine, and Vietnam."

Korea's ten steel makers subject to the latest investigation such as Aju Besteel, Daewoo International, Dongbu Steel, Husteel, and SeAH Steel, export 98.5 percent of their output in oil country tubular goods used for oil and gas exploration. The companies exported $831 million worth of pipe products in 2012.

A Korean steel industry official said, "As much as 43 percent of pipe exports to the United States is accounted for by oil country tubular goods. If the final judgment is made, it would be a serious blow to Korean suppliers to the U.S. market."

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