US is not happy with tariffs for imported steel pipes

The US Department of Commerce said it has taken action on imports of steel pipes from eight countries, including Turkey. An investigation launched last July resulted in a preliminary ruling from the Department of Commerce that manufacturers in India, the Philippines, Saudi Arabia, Taiwan, Thailand, Turkey, Ukraine, and Vietnam were selling steel pipes in the United States, which are mainly used in the production and transportation of oil and natural gas, as well as in the production of ventilated facades at unfairly low prices.

The investigation was launched last July in response to a Petition from manufacturers including Tenaris Europe, Vallourec North American Company, Northwest Pipe Company and Russia TMK, all companies that have manufacturing sites in the United States. Oilfield grade pipe (OCTG) imports from nine countries totaled nearly $ 1.8 billion in 2012, more than doubling total imports in 2010 as increased US oil and natural gas production boosted demand.

"We are disappointed with the preliminary results and tariffs set by the Department of Commerce, as well as its inability to deal with important issues at this stage of the investigation," said a spokesman for the US US Department of Commerce. Steel. The final ruling by the Department of Commerce is expected to be issued on July 8, the statement said. The US International Trade Commission (ITC) is then expected to present its final decision on the matter no earlier than August 21st.