The U.S. Department of Commerce (DOC) has decided to impose provisional duties on oil country tubular goods (OCTG) from Argentina and Mexico following its preliminary findings. DOC determined that Argentine OCTG, produced and exported by Tenaris’ Siderca S.A.I.C., and Mexican OCTG, produced and exported by Tenaris’ Tubos de Acero de Mexico, S.A., continue to be dumped in the U.S. market at rates of 6.80pct and 30.38pct, respectively, during the 2022-2023 review period.
In response, United States Steel Corporation (U.S. Steel) expressed support for the Department’s actions. Duane Holloway, U.S. Steel’s Senior Vice President, General Counsel, and Chief Ethics and Compliance Officer, stated, “We are encouraged by the Commerce Department’s diligence in enforcing trade laws in its review of Mexican OCTG, but have concerns that Argentine OCTG is being dumped at much higher levels than the preliminary rate. We look forward to continuing to engage in the reviews so that Commerce can calculate fair and accurate dumping margins in their final results next year.”
Until the final determination, imports of Argentine OCTG remain subject to a 78.3pct cash deposit, while Mexican OCTG faces a 44.93pct cash deposit. Additionally, Argentine OCTG is subject to an annual Section 232 quota of 148,000 tons.
U.S. Steel produces billets and seamless OCTG at its Fairfield, Alabama, facility to serve the U.S. energy sector.
