In Reversal, Commerce Finds S. Korean Oil Pipe Dumped In US

By Alex Lawson (July 11, 2014, 5:36 PM EDT) -- The U.S. Department of Commerce on Friday determined that South Korean shipments of steel tubing commonly used in oil wells have been dumped on the U.S. market, reversing its prior ruling while also upholding previous findings that eight other countries sold the pipe at unfairly low prices as well.

After preliminarily finding that South Korea had not dumped the oil country tubular goods, Commerce reversed course and found that those shipments had indeed been under-priced at margins ranging up to 15.75 percent.

The vast trade remedy case stems from a petition filed by a coalition of domestic steel manufacturers led by...

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