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US confirms final AD duty rate on OCTG imports from South Korea

23 May 2019 13:45 reported by Joy Liu

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The US Department of Commerce (USDOC) confirmed in the final ruling that South Korean Nexteel and SeAH Steel sold their oil country tubular goods (OCTG) to the US market at the prices lower than fair value during the period of review from September 1st, 2016 to August 31st, 2017.

According to the ruling, the final weighted average dumping margin for Nexteel was set at 32.24%, which was obviously lower than the previous set at 75.81%. However, the rate for SeAH Steel and all the other South Korean OCTG producers and exporters were raised from the previous 6.75%, which were subject to 16.73% and 24.49%, respectively.

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