August 22, 2014
News Release 14-085 CORRECTED
Inv. Nos. 701-TA-499-50 and 731-TA-1215-1217 and 1219-1223 (F)
Contact: Peg O'Laughlin, 202-205-1819

The United States International Trade Commission (USITC) today determined that a U.S. industry is materially injured or threatened with material injury by reason of imports of certain oil country tubular goods from India, Korea, Taiwan, Turkey, Ukraine, and Vietnam that the U.S. Department of Commerce has determined are sold in the United States at less than fair value and imports of these products that are subsidized by the governments of India and Turkey.

The Commission further determined that the U.S. industry is not materially injured or threatened with material injury by reason of imports of these products from Philippines and Thailand.

With respect to imports from India, Korea, Turkey, Ukraine, and Vietnam, Chairman Meredith M. Broadbent, Vice Chairman Dean A. Pinkert, and Commissioners Irving A. Williamson, David S. Johanson, and Rhonda K. Schmidtlein voted in the affirmative. With respect to imports from Taiwan, Vice Chairman Pinkert and Commissioners Williamson, Johanson, and Schmidtlein voted in the affirmative; Chairman Broadbent voted in the negative. With respect to imports from Philippines and Thailand, Chairman Broadbent, Vice Chairman Pinkert, and Commissioners Williamson, Johanson, and Schmidtlein voted in the negative. Commissioner F. Scott Kieff did not participate in these investigations.

As a result of the USITC's affirmative determinations, the U.S. Department of Commerce will issue countervailing duty orders on imports of these products from India and Turkey and antidumping duty orders on imports of these products from India, Korea, Taiwan, Turkey, and Vietnam. No orders will be issued on imports of these products from Philippines and Thailand. In addition, a suspension agreement previously announced by Commerce concerning OCTG from Ukraine will remain in effect.

The Commission's public report Certain Oil Country Tubular Goods from India, Korea, Philippines, Taiwan, Thailand, Turkey, Ukraine, and Vietnam (Investigation Nos. 701-TA-499-500 and 731-TA-1215-1217 and 1219-1223 (Final), USITC Publication 4489, August 2014) will contain the views of the Commissioners and information developed during the investigations.

The report will be available after September 15, 2014. After that date, it may be accessed on the USITC website at: http://pubapps.usitc.gov/applications/publogs/qry_publication_loglist.asp.

Product Description: Oil Country Tubular Goods ("OCTG") are hollow steel products of circular cross-section, including oil well casing and tubing, of iron (other than cast iron) or steel (both carbon and alloy), whether seamless or welded, regardless of end finish (e.g., whether or not plain end, threaded, or threaded and coupled), whether or not conforming to American Petroleum Institute ("API") or non-API specifications, whether finished (including limited service OCTG products) or unfinished (including green tubes and limited service OCTG products), and whether or not thread protectors are attached. Also included is OCTG coupling stock. Excluded from the scope of these investigations are casing and tubing containing 10.5 percent or more by weight of chromium, drill pipe, unattached couplings, and unattached thread protectors. OCTG includes casing and tubing of carbon and alloy steel used in oil and gas wells. Casing is a circular pipe that serves as a structural retainer for the walls of the well. Tubing is a smaller-diameter pipe installed inside the casing that is used to conduct the oil or gas to the surface, either through natural flow or through pumping.

Status of Proceedings:
1. Type of investigations: Final countervailing and antidumping.
2. Petitioners: Boomerang Tube LLC, Chesterfield, MO; EnergeX, a division of JMC Steel
       Group, Chicago, IL; Maverick Tube Corporation, Houston, TX; Northwest Pipe
       Company, Vancouver, WA; Tejas Tubular Products Inc., Houston, TX; TMK IPSCO,
       Houston, TX; United States Steel Corporation, Pittsburgh, PA; Vallourec Star LP,
       Houston, TX; and Welded Tube USA Inc., Lackawanna, NY.
3. Final investigations scheduled by the USITC: February 25, 2014.
4. Commission's hearing: July 15, 2014.
5. USITC vote: August 22, 2014.
6. USITC notification of Department of Commerce: September 2, 2014.

U.S. Industry:
1. Number of producers: 17.
2. Location of producers' plants: Alabama, Arkansas, California, Colorado, Indiana, Iowa,
       Kentucky, Louisiana, Minnesota, New York, Ohio, Oklahoma, Pennsylvania, and Texas.
3. Employment of production and related workers in 2013: 8,910.
4. Apparent U.S. consumption in 2013: $10.1 billion (7.0 million short tons).
5. Ratio of the value of total U.S. imports to total U.S. consumption in 2013: 39.6 percent.

U.S. Imports:
1. From the subject countries during 2013: (1)
2. From other countries during 2013: (1)
3. Leading sources during 2013 (in terms of total value): Korea, Canada, Argentina, Japan,
       Mexico, and Germany.

(1) Withheld to avoid disclosure of business proprietary information.