{"id":793006,"date":"2024-12-05T18:06:03","date_gmt":"2024-12-05T23:06:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-steel-reacts-to-important-department-of-commerce-preliminary-results\/"},"modified":"2024-12-05T18:06:03","modified_gmt":"2024-12-05T23:06:03","slug":"u-s-steel-reacts-to-important-department-of-commerce-preliminary-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-steel-reacts-to-important-department-of-commerce-preliminary-results\/","title":{"rendered":"U. S. Steel Reacts to Important Department of Commerce Preliminary Results"},"content":{"rendered":"

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U. S. Steel Reacts to Important Department of Commerce Preliminary Results<\/b><\/p>\n

Oil country tubular goods from Argentina and Mexico were found to be dumped in the U.S.<\/i><\/p>\n

PITTSBURGH–(BUSINESS WIRE<\/a>)–
\nUnited States Steel Corporation (NYSE: X) (\u201cU. S. Steel\u201d) today reacted to the U.S. Department of Commerce\u2019s preliminary findings regarding oil country tubular goods (OCTG) from Argentina and Mexico. In its release, Commerce preliminarily found that Argentine OCTG produced\/exported by Tenaris\u2019 Siderca S.A.I.C and Mexican OCTG produced\/exported by Tenaris\u2019 Tubos de Acero de Mexico, S.A., continued to be dumped in the U.S. market at rates of 6.80% and 30.38%, respectively, during the 2022-2023 review period.<\/p>\n

\nU. S. Steel\u2019s SVP, General Counsel and Chief Ethics and Compliance Officer, Duane Holloway, said, \u201cWe are encouraged by the Commerce Department\u2019s diligence in enforcing trade laws in its review of Mexican OCTG, but have concerns that Argentine OCTG is being dumped at much higher levels than the preliminary rate. We look forward to continuing to engage in the reviews so that Commerce can calculate fair and accurate dumping margins in their final results next year. As we have for decades, U. S. Steel will continue to lead the domestic industry in the fight against unfairly traded imports on behalf of our steelworkers, communities, and customers.\u201d<\/p>\n

\nUntil the U.S. Department of Commerce calculates a dumping margin, all imports of Tenaris\u2019 Argentine OCTG remain subject to 78.3% cash deposits and Mexican OCTG remain subject to 44.93% cash deposits. Argentine OCTG is also subject to an annual Section 232 quota of 148,000 metric tons.<\/p>\n

\nU. S. Steel produces billets and seamless OCTG in Fairfield, Alabama, to serve the U.S. energy sector.<\/p>\n

About U. S. Steel<\/b><\/p>\n

\nFounded in 1901, United States Steel Corporation is a leading steel producer. With an unwavering focus on safety, the Company\u2019s customer-centric Best for All\u00ae<\/sup> strategy is advancing a more secure, sustainable future for U. S. Steel and its stakeholders. With a renewed emphasis on innovation, U. S. Steel serves the automotive, construction, appliance, energy, containers, and packaging industries with high value-added steel products such as U. S. Steel\u2019s proprietary XG3\u00ae<\/sup> advanced high-strength steel. The Company also maintains competitively advantaged iron ore production and has an annual raw steelmaking capability of 25.4 million net tons. U. S. Steel is headquartered in Pittsburgh, Pennsylvania, with world-class operations across the United States and in Central Europe. For more information, please visit www.ussteel.com<\/a>.<\/p>\n

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View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20241205490689\/en\/<\/a><\/span><\/p>\n

\nU. S. Steel Media Relations
\n
T – (412) 433-1300
\n
E – media@uss.com
\n<\/a><\/p>\n

KEYWORDS:<\/b> Argentina Mexico United States South America Central America North America Pennsylvania Alabama<\/p>\n

INDUSTRY KEYWORDS:<\/b> Other Manufacturing Steel Congressional News\/Views Oil\/Gas Public Policy\/Government Manufacturing Energy White House\/Federal Government Public Policy<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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U. S. Steel Reacts to Important Department of Commerce Preliminary Results Oil country tubular goods from Argentina and Mexico were found to be dumped in the U.S. PITTSBURGH–(BUSINESS WIRE)– United States Steel Corporation (NYSE: X) (\u201cU. S. Steel\u201d) today reacted to the U.S. Department of Commerce\u2019s preliminary findings regarding oil country tubular goods (OCTG) from Argentina and Mexico. In its release, Commerce preliminarily found that Argentine OCTG produced\/exported by Tenaris\u2019 Siderca S.A.I.C and Mexican OCTG produced\/exported by Tenaris\u2019 Tubos de Acero de Mexico, S.A., continued to be dumped in the U.S. market at rates of 6.80% and 30.38%, respectively, during the 2022-2023 review period. U. S. Steel\u2019s SVP, General Counsel and Chief Ethics and Compliance Officer, Duane Holloway, said, \u201cWe … <\/p>\n

Continue reading “U. S. Steel Reacts to Important Department of Commerce Preliminary Results”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-793006","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nU. S. Steel Reacts to Important Department of Commerce Preliminary Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-steel-reacts-to-important-department-of-commerce-preliminary-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U. S. 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