Canada: Erdemir Group’s commercial practices are all above board

The Canada Border Services Agency (CBSA) has announced the reasons justifying its termination of the countervailing duty (CVD) investigation on oil country tubular goods (OCTG) pipes from Turkey.
 
The CBSA has found that Turkish integrated steelmaker Erdemir Group operates and functions according to commercial principles consistent with the behavior expected of a profit-driven steel company, responsible to its public shareholders.
 
A review of the information available on the record and the results of verification with Erdemir, OYAK (the holding company which includes Erdemir) and the government of Turkey indicate that OYAK is not exercising any government function or directing Erdemir to operate in any manner inconsistent with normal commercial operations.
 
According to the CBSA, in addition to the preceding considerations, the information available does not indicate that the cooperative exporter Turkish steel pipe producer Borusan Mannesmann received any quantifiable benefit in purchasing hot rolled coil from Erdemir/Isdemir, proving that Borusan has not received a preferential price through Erdemir/Isdemir in its hot rolled coil purchases for the production of subject goods during the period of investigation, in comparison to any appropriate benchmark.
 
As SteelOrbis previously reported, on December 3 this year Canada imposed a preliminary antidumping duty for Turkish OCTG imports ranging between zero percent and 53.2 percent.