Advertisement

Kaiser Steel accused Korea of ‘dumping’ oil rigs.

Share via

Kaiser and the International Brotherhood of Boilermakers said they filed complaints accusing South Korea of selling offshore oil platforms in the United States below their fair value. The complaints filed in Washington with the federal International Trade Commission and the Commerce Department contend that the Korean government is subsidizing the export of the drilling rigs. Such action, known as “dumping,” is illegal under U.S. law.

Advertisement