Preliminary Results for Oil Country Tubular Goods from Korea
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The U.S. Department of Commerce has shared important news about oil country tubular goods (OCTG) from the Republic of Korea. They have been looking into whether any subsidies, which are financial help from the government, were given to companies in Korea during the year 2023.
Key Findings
The Department found that SeAH Steel Corporation, a company that produces and exports OCTG from Korea, did not receive any significant subsidies. Their subsidy rate was found to be only 0.13%, which is considered too small to count.
Review and Rescission Details
The Department of Commerce started this review after some companies requested it back in December 2024. Several companies, AJU Besteel Co., Ltd., ILJIN Steel Corporation, Kumkang Kind Co., Ltd., and NEXTEEL Co., Ltd., decided they no longer wanted a review and withdrew their requests. Because of this, the Department has stopped the review process for these companies.
In addition, Hyundai Steel Pipe Co., Ltd. (Hyundai Pipe) might also have its review stopped because there were no entries of their products during the time under review.
Process and Timeline
The review process has been ongoing with several delays due to various reasons, including a government shutdown. The preliminary results were finally issued on May 7, 2026.
Next Steps
Interested parties have the chance to provide comments on these preliminary results. They must submit any supporting documents through the Department’s electronic system. There is also a chance for them to request a hearing if they have more to discuss.
The final results of this review are expected within 120 days from now, provided there are no further extensions.
Assessment and Cash Deposits
For those companies whose review was canceled, they will continue with the cash deposits as previously set. The results for other companies will be used to decide future cash deposit rates.
Conclusion
The Department of Commerce is acting thoroughly and systematically as they continue their review of Korean OCTG. They are committed to ensuring fair trade practices and will keep the public updated with any further decisions.
Legal Disclaimer
This article includes content collected from the Federal Register (federalregister.gov). The content is not an official government publication. This article is for informational purposes only and does not constitute legal advice. For case-specific consultation, please contact us. Read our full Legal Disclaimer, which also includes information on translation accuracy.
