Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

The US Department of Commerce has determined a preliminary antidumping (AD) duty of 1.07pc on South Korean exporters of Oil Country Tubular Goods (OCTG).


Commerce said in a notice last week that its investigation had found that SeAH Steel Corporation and 53 other exporters had sold OCTG into the US at lower than market rate between September 1, 2018, and August 31, 2019.


Apart from SeAH, Commerce also chose Hyundai Steel for an individual review but assigned a de-minimis estimated weighted dumping margin of 0pc on the latter. 


The agency plans to issue the final AD duties for these companies in the next four months, which will include the results of its final determinations, based on any issues or rebuttal briefs submitted by the companies being investigated or any other interested parties.

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