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Visclosky testifies against foreign steel product dumping

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Congressman Pete Visclosky (D-IN), Vice Chairman of the Congressional Steel Caucus, testified before the U.S. International Trade Commission (ITC) on certain Oil Country Tubular Goods from India, Korea, Philippines, Saudi Arabia, Taiwan, Thailand, Turkey, Ukraine, and Vietnam.

“There is no higher priority for our domestic steel industry today than the enforcement of our trade laws,” said Congressman Pete Visclosky.

“It does not get more serious for our steel industry than today’s case. U.S. Steel has recently closed plants in Pennsylvania and Texas, and steelworker jobs across the country are threatened by the influx of cheap imports. We must take a stand today and tell countries around the world that we do not allow steel to be dumped here.”

Over the past month, Congressional Steel Caucus Chairman Murphy and Visclosky coordinated a letter to the Department of Commerce expressing concerns regarding their preliminary determination specific to Korea. 155 Members of Congress, over a third of the House of Representatives, signed the letter reminding the Department of Commerce that imports of oil country tubular goods have doubled since 2008, and have increased by 61 percent thus far in 2014 compared to the previous year. The letter also noted that 8,000 workers across the country make OCTG products, and that each of these jobs supports seven additional jobs in the supply chain.

The Senate, with 57 Senators signing, sent a similar letter to the Department of Commerce.

“Additionally, I have received over 500 e-mails from constituents with the subject line “Save Our Steel Jobs,” Visclosky said. “I think that the message is clear from steel companies, steelworkers, and members of the House and Senate: this case is critical to the future of the American steel industry, and we must take action to defend these workers from illegal trade.

“During my testimony before you this past May in the case regarding welded stainless pressure pipe from Malaysia, Thailand, and Vietnam, I noted that I had been vocal before this Commission regarding the same product, and that was during a 2009 case involving China. Unfortunately, the circumstances today are identical. On December 1, 2009, I testified before this Commission regarding anti-dumping and countervailing duty orders on oil country tubular goods from China. I am pleased that we were successful in that case and that it resulted in a significant decrease in Chinese imports. Unfortunately, the countries involved in today’s case seized on that opportunity and began dumping their OCTG products in our country. Our trade remedies are effective, but we are creating a dangerous trend where protections against one country are leading to an invitation for other countries to exploit our market. We cannot allow this trend to continue. All countries must know that all illegal trade will result in swift and just enforcement of our trade laws, and we must make that statement in today’s case.”

This past week, the Department of Commerce made a final determination on a 2009 case that the there were positive anti-dumping margins for all of the countries involved, including up to 15.75 percent for Korea, 35.86 percent for Turkey, 111.47 percent for Vietnam, and 118.32 percent for Thailand. The Department of Commerce also ruled in their final determination that countervailing duty margins were up to 19.11 percent for India and 15.89 percent for Turkey.

“I appreciate your thorough consideration of this case, and urge you to fully enforce our trade laws and issue an affirmative final determination,” said Visclosky.

 

 

 

Posted 7/16/2014