by Jeff Yoders on APRIL 5, 2016
Yesterday, Commerce Department placed initial countervailing duty tariffs on imports of circular welded carbon-quality steel pipe from Pakistan.
For the purpose of countervailing duty investigations, a countervailable subsidy is financial assistance from foreign governments that benefits the production of goods from foreign companies and is limited to specific enterprises or industries, or is contingent either upon export performance or upon the use of domestic goods over imported goods.
Commerce calculated a preliminary subsidy rate of 64.81% for the mandatory respondent, International Industries Limited. The preliminary subsidy rate is based on facts available and adverse inferences following Commerce’s preliminary determination that the mandatory respondent and the Government of Pakistan had not fully cooperated in the investigation. All other exporters/producers in Pakistan have also been assigned a preliminary subsidy rate of 64.81%.
Commerce will instruct U.S. Customs and Border Protection to require cash deposits based on these preliminary rates.
The petitioners in this investigation are Bull Moose Tube Company, EXLTUBE, Wheatland Tube, and Western Tube & Conduit.
The investigation covers welded, carbon-quality steel pipes and tube, of circular cross-section, with an outside diameter of not more than nominal 16 inches, regardless of wall thickness, surface finish, end finish, or industry specification, generally known as standard pipe, fence pipe and tube, sprinkler pipe, and structural pipe.
Source: MetalMiner