The U.S. trade watchdog on Friday endorsed antidumping duties on steel pipe imports from South Korea and five other countries, a decision expected to deal a blow to the Korean industry, heavily dependent on the U.S. market.
The U.S. International Trade Commission (USITC) voted that imports of oil country tubular goods (OCTG) from South Korea, India, Taiwan, Turkey, Ukraine and Vietnam are harming the domestic industry. OCTG are pipe and tube products used in the oil industry, such as drill pipe, pipe casing, and oil pipes.