SSTTAC Members Express Concern About Dumped Imports

WASHINGTON, July 20 /PRNewswire-USNewswire/ -- The members of the Stainless Steel Tube Trade Advancement Committee (SSTTAC), a group of domestic seamless stainless steel pipe and tube manufacturers, today expressed concern about increasing examples of apparently dumped imports from foreign producers.  "As our economy slowly recovers, our member companies are seeing more and more examples of apparently dumped imports from foreign producers.  Leading the charge is China.  Based upon official U.S. government data, imports from Chinese producers are coming in at one-third to one-half the value of most other foreign producers.  The Chinese prices in the market tend to be 25 to 50 percent lower than prevailing market prices," according to David A. Hartquist, counsel to SSTTAC.

"China is not the only example, however.  We're also looking at data regarding Korea, Japan, and other countries," Hartquist said.  "We will keep an eye on this situation in coming months and take appropriate actions if U.S. trade laws and the rules of the World Trade Organization are being violated."

David A. Hartquist is senior partner and chairman of the International Trade and Customs practice group in the Washington, D.C. office of Kelley Drye & Warren LLP.  The Stainless Steel Tube Trade Advancement Committee, formerly known as the Seamless Stainless Tube Trade Action Committee, is comprised of U.S. producers of seamless stainless steel pipe and tube.  For more information, please visit www.ssttac.com.

SOURCE Stainless Steel Tube Trade Advancement Committee