Borusan foresees no negative impact from US OCTG duty

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.