One of
Turkey's leading steel
pipe producers, Borusan Mannesmann Boru, has announced that it does not expect the countervailing duty (CVD) on OCTG imports announced by the
US Department of Commerce (
US DOC) to have a negative effect on the company's position in the
US oil country
tubular goods (OCTG) market.
Borusan Mannesmann stated that its $150 million OCTG plant built and partially commissioned in Houston, Texas to increase its OCTG sales to the
US market has provided the company with a significant competitive differentiation and market positioning advantage.
As SteelOrbis previously reported, the
US DOC announced affirmative final determinations in the countervailing duty investigations of imports of OCTG from India and
Turkey, calculating a 15.89 percent CVD rate for Borusan Mannesmann.