Turkish OCTG firms aided by subsidies: ITA

Apr 25, 2014 | 03:39 PM |

NEW YORK — The U.S. Commerce Department’s International Trade Administration (ITA) has assessed countervailing duties on two Turkish oil country tubular goods (OCTG) producers in a post-preliminary decision.
The ITA determined in April 18 filings that Borusan Mannesmann Boru Sanayi ve Ticaret AS and affiliates benefited from a subsidy of 25.76 percent on hot-rolled coil, while Tosçelik Profil ve Sac Endustrisi AS and affiliates benefited from a subsidy of 1.67 percent, amounting to an affirmative preliminary countervailing decision for both companies.....





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