The Week in Metals: Administrative Review Hikes South Korean OCTG Duties

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This week, the Department of Commerce announced in a press release that it is exercising its authority under Congress for the first time to address market distortions in the production of foreign merchandise, particularly oil country tubular goods (steel pipes and supporting sections) from the Republic of Korea. Administrative review allows Commerce to calculate dumping margins that “more accurately account for the unfair pricing practices of foreign exporters.”

The new dumping margins, or the rate at which the imported materials were under sold below fair value in the U.S., were found to range from 2.76% to 24.9%.

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