Government/Policy
DOC Releases Final Determinations on Imports of Welded Pipe from Korea and Turkey
Written by Sandy Williams
October 6, 2015
Today, the Department of Commerce announced its final determinations in the antidumping and countervailing duty investigations on imports of welded pipe from Korea and Turkey.
The DOC determined that imports of welded line pipe from Korea and Turkey have been sold in the United States at dumping margins ranging from 2.53 percent to 6.19 percent and 6.66 percent to 22.95 percent, respectively. Commerce also determined that imports of welded line pipe from Turkey have received countervailable subsidies ranging from 1.31 percent to 152.20 percent. A negative final determination was found in the CVD investigation of imports of welded pipe from Korea.
The investigations cover circular welded carbon and alloy steel line pipe not more than 24 inches in nominal outside diameter. Such welded line pipe is typically used in oil and gas pipelines.
Final dumping and subsidy margins are as follows:
Korea AD margins:
SeAH Steel Corporation 2.53 percent
Hyundai HYSCO 6.19 percent
All other producers/exporters in Korea 4.36 percent.
Turkey AD margins:
Borusan Istikbal Ticaret 22.95 percent
Borusan Mannesmann Boru Sanayi ve Ticaret A.S. 22.95 percent
Cayirova Boru Sanayi ve Ticaret A.S./Yucel Boru Ithalat-Ihracat ve Pazarlama A.S. 22.95 percent
Toscelik Profil ve Sac Endustrisi A.S./Tosyali Dis Ticaret A.S. 6.66 percent
All other producers/exporters in Turkey 7.10 percent
Turkey CVD subsidy rates:
Tosyali Dis Ticaret A.S. 1.31 percent
Borusan Mannesmann Boru Sanayi ve Ticaret A.S. 152.20 percent (based on an adverse facts available finding due to its lack of participation during verification)
All other producers/exporters in Turkey 1.31 percent.
Korea CVD subsidy rates:
A negative final determination was found for imports from NEXTEEL CO. Ltd and SeAH Steel Corp. due to calculation of de minimus final subsidy rates of 0.28 percent and 0.44 percent, respectively.
Sandy Williams
Read more from Sandy WilliamsLatest in Government/Policy
Price on Trade: The foolishness of free trade with controlled economies
It was only a matter of time before a shutdown happened. And, no, we aren’t talking about the federal government’s lapse in appropriations. On Oct. 9, Beijing announced a series of restrictions that will effectively shut down exports of rare earth elements, magnets, and certain downstream products vital to advanced manufacturing.
Trump pulls plug on trade talks with Canada after anti-tariff Reagan ad
US President Donald Trump took to social media late Thursday night to announce he was canceling trade talks with Canada.
Leibowitz: Renewed trade war with China over rare earths
On Oct.10, President Trump announced major increases in tariffs on Chinese goods. The trigger was a new regime of export controls on rare earth metals and products using those elements, including magnets, capital equipment, and catalysts for catalytic converters in cars and trucks.
Industry piles on new Section 232 steel derivative inclusion requests
The Department of Commerce received 97 submissions from producers, manufacturers, and groups seeking Section 232 tariff coverage for steel and aluminum derivative products.
Price on Trade: New EU steel tariffs don’t mean the US should weaken its stance
Any steel imports into the EU that exceed the new, lower quota level would be subject to a 50% tariff, which represents a major increase from the EU’s current 25% out-of-quota tariff. This move would largely align the EU’s steel tariff rate with Canada and the United States.