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U.S. Steel reacts to Department of Commerce findings on tubular goods
The Fly

U.S. Steel reacts to Department of Commerce findings on tubular goods

U.S. Steel (X) reacted to the U.S. Department of Commerce’s preliminary findings regarding oil country tubular goods – OCTG – from Argentina and Mexico. In its release, Commerce preliminarily found that Argentine OCTG produced/exported by Tenaris’ Siderca and Mexican OCTG produced/exported by Tenaris’ Tubos de Acero de Mexico continued to be dumped in the U.S. market at rates of 6.80% and 30.38%, respectively, during the 2022-2023 review period. Until the U.S. Department of Commerce calculates a dumping margin, all imports of Tenaris’ Argentine OCTG remain subject to 78.3% cash deposits and Mexican OCTG remain subject to 44.93% cash deposits. Argentine OCTG is also subject to an annual Section 232 quota of 148,000 metric tons.

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