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Feds find 9 countries are dumping steel products

Rochester Business Journal
July 24, 2014

Sens. Charles Schumer and Kirsten Gillibrand announced Thursday the U.S. Department of Commerce has found companies from nine countries are dumping steel pipe products into the United States.

The recent decision will allow the U.S. Customs and Border Protection to collect cash deposits for estimated antidumping duties, making it costly for companies found dumping to export into the United States, they said. This will help prevent foreign competitors from unfairly undercutting U.S. manufactures.

In May, the two New York senators joined 55 of their colleagues to urge the Department of Commerce investigate possible dumping of certain steel pipes, called Oil Country Tubular Goods, which threatened U.S. manufactures and jobs. 

The case now moves to the International Trade Commission. If the ITC finds U.S. manufacturers were materially injured, or are threatened by material injury, the Department of Commerce will impose a duty on the dumped goods, a joint release from the senators states. The nine countries included in the investigation are India, Philippines, Saudi Arabia, South Korea, Taiwan, Thailand, Turkey, Ukraine and Vietnam.

The decision will benefit local companies such as Klein Steel Service Inc., which employs 170 people in Rochester.

“We strongly believe that it is in the best interest of our country and our company to ensure the security of our domestic steel producers by keeping the ‘playing field’ level,” Klein Steel President Todd Zyra said in a statement. “When other countries affect the price of steel, either by flooding the market or purposely artificially lowering the price, it hurts U.S. suppliers who play by all the rules of good business including environmental, safety, insurance, workers comp, transportation, production and so much more. 

“When our domestic producers are weakened financially by foreign competition that does not play by the same rules, it hurts the people who work at companies like Klein Steel, and all of our customers.”

(c) 2014 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.
 






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