The U.S. Department of Commerce, following antidumping investigations of seamless carbon and alloy steel standard, line, and pressure pipes from Russia, South Korea and Ukraine, has announced the size of the final duties.
According to the information on the official website of the International Trade Administration, the final dumping level (the amount of antidumping duties) for seamless pipes from Korea is set at 4.48% for all Korean companies, including ILJIN Steel Corporation) and 4.44% is the dumping margin with an adjustment to offset export subsidies. For Russian companies, including TMK it is 209.72%, for Ukrainian companies, including Interpipe it is 23.75%.
In addition, countervailing duties have been set for all Korean companies in the amount of 1.789%, for ILJIN Steel Corporation – 1.78%, for all Russian companies – 48.38%.
The duties will be imposed in the event of a positive final decision from the U.S. International Trade Commission (ITC). The ITC shall make its decision on August 9 of this year, and the order shall be issued on August 16.
The published documents state that 11,471 tonnes were imported from the Russian Federation to the United States in 2020, in 2019 – 39,634 tonnes, in 2018 – 38,024 tonnes, from South Korea – 23,068 tonnes, 17,112 tonnes and 15,839 tonnes, from Ukraine – 32,801 tonnes, 43,667 tonnes and 38,974 tonnes, respectively.
