The US is probing steel pipe products by Korean firms Iljin Steel, Hanse Steel, and Husteel for the imposition of anti-dumping and countervailing duties after Texas-based steelmaker Vallourec Star requested a review.
The US International Trade Commission is carrying out the investigation and would make its recommendations to the commerce department by around March 2021.
The allegedly unfairly-priced imports are the seamless carbon and alloy steel standard, line, and pressure pipes widely used in chemical plants, nuclear power generation facilities, airplanes, and vehicles.
Vallourec Star claimed that the cheap imports were damaging local industries and requested authorities to check if South Korean and Russian steel products were state-subsidized and also review those from Ukraine and the Czech Republic.
Vallourec Star also demanded the imposition of 119.07 to 132.16 percent dumping margins on imported steel pipes.
Governments impose anti-dumping duties on products sold below their manufacturing price and countervailing duties on government-subsidized goods.


Russia Stocks End Flat at Three-Year Low as MOEX Index Stalls, Gold Prices Climb
Oil Prices Slip as Oversupply Concerns and U.S.-Iran Talks Shape Market Outlook
Iran Begins Oil Sale Talks With Japan Under U.S. Sanctions Waiver Amid Shipping Risks
Moody’s Says Peru’s President-Elect Keiko Fujimori Could Boost Investor Confidence
Dollar Rebounds as Euro, Pound Slip Ahead of Fed Minutes, Yen Near Intervention Zone
Mary Daly Says AI Uncertainty Clouds Fed Rate Outlook Despite Restrictive Policy
Asian Markets Slip as AI Earnings Season Looms, Oil Prices Fall Ahead of Key Fed Signals
Turkey Vehicle Sales Fall 11.4% in June as Auto Market Weakens
Goldman Sachs Says China Competition Weighs More on EU Growth Than Trade Deficit
Gold Price Surges Above $4,120 as Weak US Jobs Data Lowers Fed Rate Hike Expectations
Gold Price Today: Gold Slips as Dollar Rebounds Ahead of Fed Minutes
Japan Defense Stocks Rally on Report of New Defense Ministry Bureau for Global Cooperation
Japan Signals Readiness to Act on Yen as Intervention Speculation Grows
Denmark Central Bank Intervenes to Support Krone Peg Against Euro
New Zealand Consumer Confidence Rises in June as Inflation Expectations Ease
China Services PMI Beats Forecasts as Strong Demand Supports June Growth 



