Saudi Arabia OCTG: Change to Rates Causes End of Investigation, Refund of Cash Deposits

The Commerce Department is ending its antidumping duty investigation and refunding cash deposits collected from importers of oil country tubular goods from Saudi Arabia (A-517-804), after finding zero AD duty rates for all exporters of subject merchandise in an amended final determination. Jubail Energy Services and all other Saudi Arabian companies had been assigned a 2.69% AD duty rate in the final determination issued on July 18 (see 14071715), but a correction to a calculation error caused both rates to drop to zero. Commerce will now direct CBP to end suspension of liquidation for oil country tubular goods from Saudi Arabia, and refund all cash deposits collected in connection with its investigation.