21 Feb 2025

⚓Final Results of Countervailing Duty Review on OCTG Imports from Korea

Oil Country Tubular Goods From the Republic of Korea: Final Results of Countervailing Duty Administrative Review; 2022

Summary

The U.S. Department of Commerce (Commerce) determines that countervailable subsidies were not provided to SeAH Steel Corporation and its cross-owned affiliate, SeAH Steel Holdings Corporation (collectively, the SeAH Steel Companies), a producer and exporter of oil country tubular goods (OCTG) from the Republic of Korea (Korea). The period of review (POR) is September 29, 2022, through December 31, 2022.

Agencies

  • Commerce Department
  • International Trade Administration

Business Impact ?

$$ - Med

The document discusses the final results of a countervailing duty administrative review concerning SeAH Steel Corporation, impacting U.S. businesses involved in the import and export of oil country tubular goods. The outcome may influence pricing and competitiveness in the market due to zero cash deposit requirements for imports from the SeAH Steel Companies.

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