On Monday, the US Department of Commerce (DOC) announced the final results of its administrative review of the countervailing duty (CVD) order on welded carbon steel standard pipe and tube from Turkey.
The review covers two Turkish producers/exporters - the Borusan Group, Borusan Mannesmann Boru Sanayi ve Ticaret A.S., and Borusan Istikbal Ticaret T.A.S. (Borusan); and Tosyali dis Ticaret A.S. and Toscelik Profil ve Sac Endustrisi A.S. (Toscelik) - during calendar year 2010.
The DOC has calculated final subsidy margins of 0.22 percent for Borusan and 0.35 percent for the Toscelik Group. Both margins are de minimis. Currently, the countervailing duty deposit rates for Borusan and Toscelik are zero, whereas the dumping duty deposit rates are 4.46 percent for Borusan and 0.95 percent for Toscelik.
Accordingly, effective August 6, 2012, the countervailing duty deposit rates remain 0.00 percent for Borusan and Toscelik. In addition, the DOC will send instructions to US Customs and Border Protection to liquidate entries that were made during the period of review.