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| US slaps import duties on Chinese steel pipe | |
| Date:2010-04-10 [ Back ] | |
| The United States will slap anti-dumping import duties on Chinese steel pipe used in oil and gas wells, the Commerce Department said Friday. The announcement was the latest turn in strained US-Chinese trade relations. It came just days ahead of Chinese President Hu Jintao's participation in a nuclear security summit hosted by President Barack Obama in Washington. The 47-nation, two-day nuclear summit that opens Monday will seek national commitments to secure all nuclear materials within four years. The Commerce Department said it had made its "final determination" in the anti-dumping duty investigation on imports of so-called "oil country tubular goods" from China. China has sold the goods in the United States at 29.94 percent to 99.14 percent less than fair value, the department said in a statement. "As a result of this final determination, Commerce will instruct US Customs and Border Protection to collect a cash deposit or bond equal to the weighted-average dumping margins," it said. The oil country tubular goods are either carbon or alloy tubular steel products used in oil and gas wells. In 2009, imports of those products from China were valued at an estimated 1.1 billion dollars, the department said. In addition to the Commerce Department, the US petitioners for the investigation included Maverick Tube Corp, United States Steel Corp. and a major industry union. The US International Trade Commission is scheduled to issue its final determination of injury in the case on or before May 24. |
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