Valley companies seek tariffs on Korean steel imports - WFMJ.com News weather sports for Youngstown-Warren Ohio

Valley companies seek tariffs on Korean steel imports

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Valley steelmakers and their employees are calling on the White House to help level the playing field when it comes to competition in the global marketplace.

U.S. Sen. Sherrod Brown (D-OH) stopped at the Wheatland Tube/JMC Steel plant in Warren on Friday, were he called on the Obama Administration to protect Ohio steel manufacturers and the jobs they support.

Brown and local steelworkers urged the U.S. Commerce Department to crack down on countries that dump their steel in the U.S. market, threatening American jobs and competitiveness.

JMC Steel is one of nine companies-along with Vallourec Star in Youngstown, TMK IPSCO in Brookfield, and U. S. Steel in Lorain-that has petitioned the Commerce Department to take steps against imports of Oil Country Tubular Goods.
 
Brown is asking the administration to apply trade remedies against OCTG imports that violate trade law due to illegal subsidization or by selling at too low a price.

While a preliminary trade ruling recommended that duties ranging from three to 118 percent be levied on imports from eight countries, the commerce department failed to identify Korea among the countries dumping OCTG into American markets.

Brown is lobbying to have the commerce department levy tariffs against Korean imports in its final ruling.

OCTG imports have doubled since 2008 and have grown by 61 percent thus far in 2014 compared to 2013. OCTG products are used for domestic oil exploration, including shale development. .

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