Press Esc to close
Saturday 06 February 2016
News updated at 12:37 PM IST
Weather
Max: 29°C
Min : 17°C
In Bengaluru
Partially cloudy

US to probe India for selling steel pipe at unfairly low price

Washington, Jul 30, 2013, (PTI):
Reuters file photo for representational purpose only.

The US Department of Commerce has opened a probe into allegations that India and eight other countries are illegally selling steel pipe at an unfairly low prices in America.

"Domestic steel pipe producers are being crippled by an onslaught of foreign competitors illegally dumping imports in the United States," Senator Sherrod Brown said, days after the Commerce Department launched a probe against South Korea, India, Vietnam, the Philippines, Saudi Arabia, Taiwan, Thailand, Turkey, and Ukraine of unfair and illegal trade practises.

Brown and Senator Rob Portman yesterday called on the US International Trade Commission (ITC) to protect domestic producers of Oil Country Tubular Goods (OCTG) from foreign competitors that use unfair and illegal trade practises.

"The International Trade Commission must commit to Ohio's workers and businesses and crack down on countries that sell their products at unfair prices. As our trade deficit widens, levelling the playing field is the only way to protect local jobs, and in the future, create them," Browne said after sending the joint letter to US ITC.

Noting that Ohio-based companies that produce Oil Country Tubular Goods (OCTG) support many good-paying jobs in the state, Portman said if the ITC does not stand up for these American manufactured goods and punish foreign companies who are flooding US our markets with unfairly imported cheap products, businesses and thousands of American workers are at risk.

"American manufactured goods must be allowed to compete with their global competitors on a level playing field," Portman said.

OCTG are used for domestic oil exploration, particularly in the shale industry, and are produced in Ohio by companies including US Steel in Lorain, Wheatland Tube Company in Warren, Vallourec Star in Youngstown, and TMK IPSCO in Brookfield.

Each is among the plaintiffs accusing South Korea, India, Vietnam, the Philippines, Saudi Arabia, Taiwan, Thailand, Turkey, and Ukraine of unfair and illegal trade practises.

The two Senators said OCTG imports from these countries have increased from 840,000 net tons in 2010 to more than 1,770,000 net tons in 2012, with the number continuing to rise.
Despite historically high level of demand for steel pipe, its domestic industry in the United States has deteriorated due to imports, which data shows, have consistently and substantially undersold the market.

This has resulted in petitions that allege dumping margins of at least 30 percent, and in most cases, significantly more, the lawmakers said.


Go to Top

Photo Gallery
Gurukiran team performing Jai Ho dance during valedictory ceremony of 8th Bengaluru...

Gurukiran team performing Jai Ho dance during valedictory ceremony of 8th Bengaluru...

Actor Rishika Sing(daughter of director Rajendra Sing Babu)...

Actor Rishika Sing(daughter of director Rajendra Sing Babu)...

Residents take part in a procession demanding for ban of plastics...

Residents take part in a procession demanding for ban of plastics...

People light candles to paying tributes to ten soldiers who died in...

People light candles to paying tributes to ten soldiers who died in...

U.S. Chief of Naval Operations John Richardson, second left, shares...

U.S. Chief of Naval Operations John Richardson, second left, shares...

Artists perform at the opening ceremony of 12th South Asian Games...

Artists perform at the opening ceremony of 12th South Asian Games...

Prime Minister Narendra Modi addresses the gathering at the opening ceremony...

Prime Minister Narendra Modi addresses the gathering at the opening ceremony...

The official mascot of 12th South Asian Games, 'Tikhor', a baby rhino...

The official mascot of 12th South Asian Games, 'Tikhor', a baby rhino...

The official mascot of 12th South Asian Games, 'Tikhor', a baby rhino...

The official mascot of 12th South Asian Games, 'Tikhor', a baby rhino...

Artists perform at the opening ceremony of 12th South Asian...

Artists perform at the opening ceremony of 12th South Asian...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523