Oil Country Tubular Goods From Argentina, Italy, Japan, Korea, and Mexico PDF
Preview Oil Country Tubular Goods From Argentina, Italy, Japan, Korea, and Mexico
Oil Country Tubular Goods From Argentina, Italy, Japan, Korea, and Mexico Investigation Nos. 731-TA-711 and 713-716 (Second Review) Publication 3923 June 2007 Washington, DC 20436 U.S. International Trade Commission COMMISSIONERS Daniel R. Pearson, Chairman Shara L. Aranoff, Vice Chairman Deanna Tanner Okun Charlotte R. Lane Irving A. Williamson Dean A. Pinkert Robert A. Rogowsky Director of Operations Staff assigned Eric Land, Investigator Fred Ruggles, Investigator Norman Vantoai, Industry Analyst James Fetzer, Economist Mary Klir, Accountant Marc Bernstein, Attorney Gabriel Ellenberger, Research Assistant Lita David-Harris, Statistician Douglas Corkran, Supervisor Investigator Address all communications to Secretary to the Commission United States International Trade Commission Washington, DC 20436 U.S. International Trade Commission Washington, DC 20436 www.usitc.gov Oil Country Tubular Goods From Argentina, Italy, Japan, Korea, and Mexico Investigation Nos. 731-TA-711 and 713-716 (Second Review) Publication 3923 June 2007 CONTENTS Page Determinations ................................................................. 1 Views of the Commission ......................................................... 3 Dissenting views of Commissioner Charlotte R. Lane ................................. 51 Dissenting Views of Commissioner Dean A. Pinkert with Respect to Casing and Tubing from Japan and Korea ........................................................ 65 Part I: Introduction and overview ................................................. I-1 Background .................................................................. I-1 The original investigations ................................................... I-1 The first reviews ........................................................... I-3 Summary data ............................................................. I-3 Related Title VII investigations ................................................ I-13 Related safeguard investigation ................................................ I-15 Statutory criteria and organization of the report ...................................... I-15 Statutory criteria ........................................................... I-15 Organization of the report .................................................... I-17 Commerce’s reviews ........................................................... I-17 Administrative reviews of casing and tubing ..................................... I-17 Administrative reviews of drill pipe ............................................ I-20 Results of expedited and full five-year reviews ................................... I-21 Distribution of Continued Dumping and Subsidy Offset Act funds ....................... I-23 The subject merchandise ........................................................ I-24 Commerce’s scope .......................................................... I-24 Tariff treatment ............................................................ I-25 The domestic like product....................................................... I-25 Description and applications .................................................. I-26 Manufacturing processes ..................................................... I-31 Channels of distribution...................................................... I-39 U.S. market participants ........................................................ I-39 U.S. producers ............................................................. I-39 U.S. importers ............................................................. I-42 U.S. purchasers ............................................................ I-43 Apparent U.S. consumption and market shares ...................................... I-43 Part II: Conditions of competition in the U.S. market ................................ II-1 U.S. market characteristics ...................................................... II-1 Channels of distribution ........................................................ II-1 Supply and demand considerations................................................ II-2 U.S. supply ............................................................... II-2 U.S. demand .............................................................. II-5 Substitutability issues .......................................................... II-10 Factors affecting purchasing decisions .......................................... II-10 Comparisons of domestic products and subject imports ............................. II-15 Comparisons of domestic products and nonsubject imports .......................... II-15 Comparisons of subject imports and nonsubject imports ............................ II-20 i CONTENTS Page Part II: Conditions of competition in the U.S. market–Continued Elasticity estimates ............................................................ II-21 U.S. supply elasticity ........................................................ II-21 U.S. demand elasticity ....................................................... II-21 Substitution elasticity ....................................................... II-21 Part III: Condition of the U.S. industry ............................................ III-1 U.S. producers’ capacity, production, and capacity utilization .......................... III-2 Casing, tubing, and drill pipe operations ......................................... III-2 Alternative products ........................................................ III-5 U.S. producers’ domestic shipments and export shipments ............................. III-7 U.S. producers’ inventories ..................................................... III-9 U.S. producers’ imports ........................................................ III-9 U.S. producers’ purchases ...................................................... III-10 U.S. producers’ employment, wages, and productivity ................................ III-10 Financial experience of U.S. producers ............................................ III-12 Background ............................................................... III-12 Operations on casing and tubing ............................................... III-12 Operations on drill pipe ...................................................... III-16 Variance analyses .......................................................... III-16 Capital expenditures and research and development expenses ........................ III-17 Assets and return on investment ............................................... III-17 Part IV: U.S. imports and the foreign industries ..................................... IV-1 U.S. imports ................................................................. IV-1 Casing and tubing imports .................................................... IV-1 Drill pipe imports........................................................... IV-4 Cumulation considerations ...................................................... IV-6 Fungibility ................................................................ IV-6 Geographic markets ......................................................... IV-7 Presence in the market ....................................................... IV-7 U.S. importers’ inventories ...................................................... IV-11 Dumping in third-country markets ................................................ IV-11 The industry in Argentina ....................................................... IV-11 Overview ................................................................. IV-11 Casing and tubing operations ................................................. IV-12 Alternative products ........................................................ IV-13 The industry in Italy ........................................................... IV-14 Overview ................................................................. IV-14 Casing and tubing operations ................................................. IV-14 Alternative products ........................................................ IV-15 ii CONTENTS Page Part IV: U.S. imports and the foreign industries–Continued The industries in Japan ......................................................... IV-15 Overview ................................................................. IV-15 Casing and tubing operations ................................................. IV-17 Drill pipe operations ........................................................ IV-20 Alternative products ........................................................ IV-21 The industry in Korea ..................................................... IV-21 Overview ................................................................. IV-21 Casing and tubing operations ................................................. IV-22 Alternative products ........................................................ IV-22 The industry in Mexico ......................................................... IV-23 Overview ................................................................. IV-23 Casing and tubing operations ................................................. IV-23 Alternative products ........................................................ IV-24 Global market ................................................................ IV-25 Supply ................................................................... IV-25 Demand .................................................................. IV-30 Prices .................................................................... IV-35 Part V: Pricing and related information ............................................ V-1 Factors affecting prices ......................................................... V-1 Raw material costs .......................................................... V-1 U.S. inland transportation costs ................................................ V-1 Transportation costs to the U.S. market.......................................... V-1 Exchange rates ............................................................. V-3 Pricing practices .............................................................. V-6 Pricing methods ............................................................ V-6 Sales terms and discounts .................................................... V-7 Price data ................................................................... V-7 Price trends ............................................................... V-14 Price comparisons .......................................................... V-14 iii Appendixes A. Federal Register notices and statement on adequacy ................................ A-1 B. Hearing witnesses ............................................................ B-1 C. Summary data............................................................... C-1 D. Responses of U.S. producers, U.S. importers, U.S. purchasers, and foreign producers concerning the significance of the antidumping duty orders and the likely effects of revocation .............................................................. D-1 E. 2007 tariff treatment .......................................................... E-1 F. Selected data concerning seamless and welded OCTG ............................... F-1 Note.–Information that would reveal confidential operations of individual concerns may not be published and therefore has been deleted from this report. Such deletions are indicated by asterisks. iv UNITED STATES INTERNATIONAL TRADE COMMISSION Investigation Nos. 731-TA-711 and 713-716 (Second Review) OIL COUNTRY TUBULAR GOODS FROM ARGENTINA, ITALY, JAPAN, KOREA, AND MEXICO DETERMINATIONS On the basis of the record1 developed in the subject five-year reviews, the United States International Trade Commission (Commission) determines, pursuant to section 751(c) of the Tariff Act of 1930 (19 U.S.C. § 1675(c)) (the Act), that revocation of the antidumping duty orders on oil country tubular goods from Argentina, Italy, Japan, Korea, and Mexico would not be likely to lead to continuation or recurrence of material injury to the industries in the United States producing oil country tubular goods other than drill pipe (“casing and tubing”) and, with respect to Japan, drill pipe, within a reasonably foreseeable time.2 BACKGROUND The Commission instituted these reviews on June 1, 2006 (71 F.R. 31207) and determined on September 5, 2006 that it would conduct full reviews (71 F.R. 54520, September 15, 2006). Notice of the scheduling of the Commission’s reviews and of a public hearing to be held in connection therewith was given by posting copies of the notice in the Office of the Secretary, U.S. International Trade Commission, Washington, DC, and by publishing the notice in the Federal Register on September 29, 2006 (71 F.R. 57566). The hearing was held in Washington, DC, on April 12, 2007, and all persons who requested the opportunity were permitted to appear in person or by counsel. 1 The record is defined in sec. 207.2(f) of the Commission’s Rules of Practice and Procedure (19 CFR § 207.2(f)). 2 Commissioners Charlotte R. Lane dissenting with respect to casing and tubing from all countries and Commissioner Dean A. Pinkert dissenting with respect to casing and tubing from Japan and Korea.
Description:The list of books you might like
