US Sets Final Tariffs for OCTG Pipe from Russia

Under the Final Approval Countervailing Duty Determination (CIT), the US Department of Commerce (USDOC) determined that countervailing subsidies were provided to Russian oil field pipe (OCTG) manufacturers and exporters during the January 1 investigation period. , 2020 to December 31, 2020

The subsidy rate for the Volzhsky Pipe Plant, the Sinarsky Pipe Plant, the Seversky Pipe Plant, the Taganrog Metallurgical Plant, the Orsk Machine-Building Plant and PJSC TMK is set at 1.30%, for JSC Vyksa Metallurgical Plant - at the rate of 1 ,thirty %. 1.59%, and 1.43% is assigned to all other Russian exporters.