U.S. sets preliminary duties on Turkey pipe imports, spares S.Korea

Korea Castiron Pipe Ind

17/03/2015 20:23

WASHINGTON, March 17 (Reuters) - The United States on 
Tuesday set preliminary duties on welded line pipe from Turkey 
after finding they are produced using unfair government 
subsidies, but spared South Korean imports.  
    The U.S. Department of Commerce said anti-subsidy duties on 
the pipe, used for oil or gas pipelines, would range from 3.76 
percent to 8.85 percent, with the highest rate for products from 
Turkey's Borusan Mannesmann Boru Sanayi ve Ticaret AS 
 BRSAN.IS . South Korean subsidies were below the threshold, 
Commerce said. 
    Companies, including Northwest Pipe Company  NWPX.O , JMC 
Steel Group  JMCSG.UL  division Energex and Maverick Tube 
Corporation  TENRM.UL , complained that rising imports forced 
local producers to cut prices. 
    But a parallel investigation will continue into whether 
imports were sold at below-cost prices, which could still lead 
to duties on products produced by South Korea's Dongbu Steel 
 016380.KS , Husteel Co  005010.KS , Korea Cast Iron Pipe 
Industry Co Ltd  000970.KS  and SamKang M&T Co  100090.KQ . 
 
 (Reporting by Krista Hughes, editing by G Crosse) 
 ((krista.hughes@thomsonreuters.com; +1-202-354-5854; Reuters 
Messaging: krista.hughes.thomsonreuters.com@reuters.net)) 
 
Keywords: USA TRADE/PIPELINE