Steel Products Prices North America

CVD on Welded Pipe Hits Turkey but Not South Korea

March 17, 2015

Countervailing duties have been imposed on welded line pipe from Turkey but not South Korea, according to a preliminary determination by the Department of Commerce.

On March 17, the Department of Commerce affirmed subsidization in a countervailing duty (CVD) investigation of imports of welded line pipe from Turkey. A negative preliminary determination was returned on imports of welded line pipe from South Korea.

The Korea investigation determined that NEXTEEL Co. Ltd. and SeAH Steel Corporation receive subsidy rates of 0.47 percent and 0.52 percent, respectively, which are considered “de minimis” under U.S. law. No cash deposits will be required for imports of welded line pipe from Korea

Turkish producers Borusan Mannesmann Boru Sanayi ve Ticaret A.S. and Tosyali Dis Ticaret A.S. received subsidy rates of 8.85 percent and 3.76 percent, respectively. All other producers and exporters in Turkery were assigned a preliminary subsidy rate of 4.36.

The product in question is circular welded carbon and alloy steel (other than stainless steel) pipe of a kind used for oil or gas pipelines (welded line pipe), not more than 24 inches in nominal outside diameter, regardless of wall thickness, length, surface finish, end finish, or stenciling.

In 2014, the U.S. imported 67,705 metric tons or 74,632 net tons of line pipe from South Korea and 9,158 metric tons or 10,095 net tons from Turkey.

In January 2014, import of line pipe from South Korea rose to 122,880 metric tons or 135,452 net tons and from Turkey to 21,647 metric tons or 23,862 net tons.