ITC Ruling Benefits Pipe Companies in Region
YOUNGSTOWN, Ohio – U.S. Rep. Tim Ryan is applauding a ruling last week by the International Trade Commission that benefits Vallourec USA and TMK IPSCO.
On Friday, the ITC determined that revoking the existing antidumping and countervailing duty orders on seamless carbon and alloy steel standard, line and pressure pipe from China would likely “lead to continuation or recurrence of material injury within a reasonably foreseeable time,” the commission said.
The ITC’s action comes under the five-year (sunset) review process required by the Uruguay Round Agreements Act. A review of the original order, granted in November 2010, began last October and the commission voted in January to conduct expedited reviews.
The six commissioners concluded that the domestic response for the reviews was adequate and the respondent response inadequate. The commissioners also voted unanimously in favor of maintaining the duties.
“This decision is proof that China is illegally taking advantage of our American workers – and gaining an unfair gain provided not by competition and higher productivity, but by government subsidies and currency manipulation,” said Ryan in a statement released by his office. I am proud to continue standing up against China and any nation who tries to undermine American jobs.”
Copyright 2024 The Business Journal, Youngstown, Ohio.