US imposes steel pipe tariff on Turkish firms
Post Date: 25 Feb 2014 Viewed: 283
The US Department of Commerce had found dumping of steel pipe imports from eight countries including Turkey as a result of an investigation it launched last July.
The Department of Commerce said that manufacturers in India, the Philippines, Saudi Arabia, Taiwan, Thailand, Turkey, Ukraine and Vietnam were selling the kind of steel pipe mainly used by oil and natural gas producers at unfairly low prices in the United States.
The probe was launched last July in response to a petition from producers including Europe’s Tenaris, Vallourec North American companies Northwest Pipe Company and US Steel and Russia’s TMK, all of which have production or manufacturing sites in the United States.
Imports of oil country tubular goods from the nine countries totaled nearly USD 1.8 billion in 2012 more than double the 2010 total, as rising US oil and natural gas production boosted demand.
US Steel said that we are disappointed by the preliminary determinations at the Department of Commerce and by its failure to deal with important issues at this stage of the investigations. A final ruling by the Department of Commerce is expected on or about July 8th 2014.