U. S. Steel Reacts to Important Department of Commerce Preliminary Results
United States Steel Corporation (X)
Last united states steel corporation earnings: 4/30 04:16 pm
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Source: Business Wire
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) (“U. S. Steel”) today reacted to the U.S. Department of Commerce’s 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’ Siderca S.A.I.C and Mexican OCTG produced/exported by Tenaris’ 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’s SVP, General Counsel and Chief Ethics and Compliance Officer, Duane Holloway, said, “We are encouraged by the Commerce Department’s 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
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