By Liz Reid
A recent decision by the International Trade Commission regarding South Korean steel tubes may have an effect here in southwestern Pennsylvania.
The ITC voted recently to impose duties on steel pipes and tubes from South Korea and five other countries, which were found to be “dumping” their products into the U.S. market.
“Dumping” refers to the practice of selling a product in another country for less than it is sold in the country where it is manufactured. It also includes the practice of selling a product for less than it cost to make.
“The Commerce Department recommended tariffs at a rate of about 16 percent on this pipe and tube, which was coming into the United States at no tariff because we have a free trade agreement with South Korea,” said Scott Paul, president of the Alliance for American Manufacturing, a nonprofit advocacy group for the manufacturing industry.
In February, the U.S. Department of Commerce released a preliminary statement saying an investigation into South Korea’s practice of selling steel tubes in the U.S. found no evidence of dumping.