The U.S. Department of Commerce found that oil country tubular goods (OCTG) from Argentina and Mexico were dumped at higher levels into the U.S. than their preliminary rate during a 2022 to 2023 review period.
The department reported that preliminary findings showed that Argentine OCTG produced and exported by Tenaris’ Siderca SAIC were dumped in the U.S. at a rate of 6.8% in that time frame. Mexican OCTG produced and exported by Tenaris’ Tubos de Acero de Mexico SA were dumped in the U.S. at a rate of 30.38% during the same time period.
OCTG are carbon or alloy tubular steel products used in oil and gas wells.
United States Steel Corp. said it has concerns that Argentine OCTG is being dumped “at much higher levels than the preliminary rate,” but was encouraged by the department’s enforcement of trade laws in regards to Mexican OCTG, Duane Holloway, the company’s senior vice president, general counsel and chief ethics and compliance officer, said in a Dec. 6 press release.
The company said it will continue to engage with the results to encourage the calculation of “fair and accurate dumping margins in their final results next year.” The steel company is a producer of billets and seamless OCTG in Alabama for the energy sector.
Until a dumping margin is calculated, all imports of Tenaris Argentine OCTG are subject to 78.3% cash deposits and an annual Section 232 quota of 148,000 metric tons, U.S. Steel said in the press release. Tenaris Mexican OCTG imports are subject to 44.93% cash deposits.
“As we have for decades, U. S. Steel will continue to lead the domestic industry in the fight against unfairly traded imports on behalf of our steelworkers, communities and customers,” Holloway said.