India facing subsidy duties on OCTG exports

Dec 18, 2013 | 12:54 PM | Thorsten Schier

Tags  OCTG, oil country tubular goods, Commerce Department, International Trade Administration, ITA, countervailing duties, subsidy, Boomerang Tube JMC Steel Group

NEW YORK — The U.S. Commerce Department’s International Trade Administration (ITA) has made a positive preliminary determination in its countervailing duty investigation of oil country tubular goods (OCTG) from India but a negative determination on imports from Turkey.

The preliminary subsidy rate for Indian producers GVN Fuels Ltd., Jindal Pipes Ltd., Maharashtra Seamless Ltd. and all other Indian producers except Jindal Saw Ltd. was set at 3.5 percent.

"As a result of the preliminary affirmative determination for India, Commerce will instruct U.S. Customs and Border Protection to require cash deposits based on these preliminary rates," the ITA said. Jindal Saw had a de minimis subsidy rate of 0.97 percent, which means it does not have to post cash deposits. ....

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