CIB chairman comments on US CVD decision on ex-Turkey OCTG imports

Turkish Steel Exporters Association (CIB) chairman Namık Ekinci has commented on the US countervailing duty (CVD) decision on oil country tubular goods (OCTG) imports from Turkey. "As a result of the pressure by US senators on the Department of Commerce to impose a duty order on OCTG imports, the final decision in the CVD investigation was unexpected," said Mr. Ekinci. The countervailing duty rates for Turkish pipe producers Borusan and Toscelik are 15.89 percent and 2.53 percent respectively, while the country-wide duty rate stands at 9.21 percent.
 
Mr. Ekinci said that the antidumping duty investigation for the same product has not been completed yet, adding that the final decision is expected in August, following the hearing on July 15. The deposits to be taken until the final decision in August will be refunded in case that the final decision is in favor of Turkey.