• SHARE

WASHINGTON (Kyodo) The U.S. International Trade Commission announced Thursday that it will revoke the 12-year-old antidumping duty orders on imports of oil-drilling steel tubes from Japan and four other countries.

The ITC said it “determined that revoking the existing antidumping duty orders on imports of oil country tubular goods from Argentina, Italy, Japan, (South) Korea, and Mexico would not be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time.”

The U.S. government invoked the antidumping duties on these imports in 1995, concluding the goods were dumped, or sold below cost, causing material injury to U.S. industry.

Thursday’s decision followed last December’s repeal of antidumping duties on imports of surface-treated steel sheets for automobiles.

Hajime Bada, chairman of the Japan Iron & Steel Federation, welcomed the ITC decision as endorsing the federation’s position that Japanese steelmakers have been specializing in high value-added products for the U.S. market and have never inflicted material injury on the U.S. industry. “The tendency has emerged to restore free trade in steel products,” he said.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW