SMU Data and Models
Borusan Mannesmann Loses Appeal on Section 232 Tariffs
March 17, 2023
The US Court of Appeals for The Federal Circuit has upheld Section 232 duties on steel tube and pipe from Turkey’s Borusan Mannesmann and its American subsidiary Borusan Mannesmann Pipe US.
In a March 15 ruling the court affirmed an earlier opinion by the US Court of International Trade.
Borusan had appealed the original decision, arguing that US import duties did not “encompass any duties imposed under Section 232,” the court opinion said. The pipe and tube maker did not want to pay the additional 25% duties under Section 232 as well as pre-existing antidumping duties.
In 2018, President Trump issued Proclamation 9705, “which separately imposed a duty on imported steel articles, (including Borusan’s carbon steel pipe) under Section 232 of the Trade Expansion Act of 1962,” the opinion said.
The court opinion states that Proclamation 9705 “makes clear that the duty newly being imposed was to add to, and not partly or wholly offset, the antidumping duties that would be due without the new duty.”
By Ethan Bernard, ethan@steelmarketupdate.com
Latest in SMU Data and Models

SMU Survey: Buyers’ Sentiment rebounds from multi-year low
Both of SMU’s Steel Buyers’ Sentiment Indices edged higher this week. Current Sentiment rebounded from a near five-year low, while Future Sentiment rose to a two-month high

SMU flat-rolled market survey results now available
SMU’s latest steel buyers market survey results are now available on our website to all premium members.

SMU Survey: Sheet lead times pull back after early-June blip, plate holds
Following the uptick seen two weeks ago, lead times eased this week for all four sheet products tracked by SMU, while plate lead times held steady, according to this week’s market survey.

SMU Survey: Pricing power abruptly shifts to steel buyers
The majority of steel buyers responding to our latest market survey say domestic mills are more willing to talk price on sheet and plate products than they were earlier this month. Sheet negotiation rates rebounded across the board compared to early June, while our plate negotiation rate hit a full 100%.

Service centers: Mill orders down marginally in May
SMU’s Mill Order Index (MOI) declined for a third straight month in May, but only marginally.