Turkish pipe producer Borusan Mannesmann has announced that, regarding antidumping (AD) and countervailing duty (CVD) investigations on oil country tubular goods (OCTG) imports to the US, the US Department of Commerce (US DOC) has recalculated Borusan Mannesmann’s countervailing duty rate as 2.39 percent after the company appealed at the International Trade Court against the US DOC’s decision to apply a countervailing duty of 15.89 percent for the company. The court instructed the US DOC to recalculate the rate. The latest calculations presented to the court by the US DOC were approved by the court on February 22, 2016.
As a result of a complaint made by local manufacturers in US on July 29, 2013, the US DOC started antidumping and countervailing duty (CVD) investigations for nine countries including Turkey on sales of oil country tubular goods (OCTG). The final decision in the investigation was disclosed on July 11, 2014 and, while no antidumping duty was imposed, a countervailing duty of 15.89 percent was calculated for Borusan Mannesmann.
Borusan Mannesmann stated that it will continue to use legal channels in order to eliminate the countervailing duty completely. The company reiterated that the current decision will not affect its position in the OCTG pipe market.