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US Raises Rates of Antidumping Duty on OCTGs Imported from S. Korea
US Levy of Antidumping Duties
US Raises Rates of Antidumping Duty on OCTGs Imported from S. Korea
  • By Jung Suk-yee
  • April 12, 2017, 06:00
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The US Commerce Department decided to impose antidumping tariffs up to nearly 25 percent on Korean oil country tubular goods (OCTGs).
The US Commerce Department decided to impose antidumping tariffs up to nearly 25 percent on Korean oil country tubular goods (OCTGs).

 

The US Commerce Department made the final decision to impose antidumping tariffs up to nearly 25 percent on oil country tubular goods (OCTGs) imported from South Korea.

The department announced on 11 (local time) that it will levy 24.92 percent tariffs on from Nexteel’s OCTGs, 2.76 percent on SeAH Steel and 13.84 percent on Hyundai Steel.

The finally-imposed rates are higher than those of the preliminary tariffs determined in October last year, which may be affected by the strong push by the White House National Trade Council (NTC). 

Peter Navarro, the director of NTC, specifically asked the Commerce Department to raise antidumping tariffs on South Korean goods last month.