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SPECIALTY TUBING GROUP HAILS COMMERCE DEPARTMENT DECISION TO INITIATE SALES-BELOW-COST INVESTIGATIONS

 SPECIALTY TUBING GROUP HAILS COMMERCE DEPARTMENT
 DECISION TO INITIATE SALES-BELOW-COST INVESTIGATIONS
 WASHINGTON, April 8 /PRNewswire/ -- The Specialty Tubing Group (STG), a coalition of domestic producers of stainless steel pipe and tube, hailed today's decision by the Commerce Department to initiate sales-below-cost investigations of all six Korean and Taiwanese producers under review in the antidumping investigations of welded stainless steel pipe from Korea and Taiwan.
 Four members of the STG formally petitioned the U.S. government on Nov. 18, 1991, to impose dumping duties on welded stainless steel pipe from Korea and Taiwan. David A. Hartquist, counsel to STG, stated that petitioners had uncovered "substantial evidence" of below-cost selling practices by each of the Korean and Taiwanese producers.
 According to Hartquist, if the Commerce Department confirms that significant sales below cost occurred in Korea and Taiwan, those sales' prices will not be used in the agency's dumping calculations. Explained Hartquist, "The rejection of below-cost prices in antidumping proceedings usually enhances the likelihood that sizable margins of dumping will be found."
 In conjunction with the below-cost investigations, the Commerce Department also extended for 30 days the deadline for its preliminary determinations in these cases. The preliminary determinations are now due on May 26, 1992.
 William K. Grant, STG's chairman and president of Trent Tube Division, Crucible Materials Corporation, one of the co-petitioners, stated that the reason the petitioners requested the extension was to give the Commerce Department sufficient time to review all data of record and undertake its below-cost investigations prior to the preliminary determinations. "We are confident that, upon a review of the Korean and Taiwanese producers' cost data, the Commerce Department will find substantial margins of dumping on imports of welded stainless steel pipe from Korea and Taiwan," Grant asserted.
 In addition to Trent Tube, the co-petitioners filing the cases are Avesta Sandvik Tube, Inc., Schaumburg, Ill; Bristol Metals, Bristol, Tenn.; Damascus Tubular Products, Greenville, Pa.; and the United Steelworkers of America.
 -0- 4/8/92
 /CONTACT: Meg Mullery for the Specialty Tubing Group, 202-342-8439/ CO: Specialty Tubing Group ST: District of Columbia IN: MNG SU:


TW-DC -- DC037 -- 6484 04/08/92 17:52 EDT
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Publication:PR Newswire
Date:Apr 8, 1992
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