9,724.50 TRY BIST 100 BIST 100
4.84 CNY CNY CNY
35.13 USD USD USD
36.48 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
43.45 TRY Interest Interest
73.24 USD Fossil Oil Fossil Oil
29.75 USD Silver Silver
4.12 USD Copper Copper
100.31 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,628.71 TRY Gold (gr) Gold (gr)

US launches anti-dumping and CVD investigation

A final review investigation (sunset review) has been initiated by the US for the anti-dumping and countervailing duty measures applied to imports of large-diameter welded pipe originating in Türkiye.

US launches anti-dumping and CVD investigation

The United States of America (USA) has been applying countervailing duty measures and anti-dumping measures against imports of large-diameter welded pipe (HS Codes 7305.11, 7305.12, 7305.19, 7305.31, and 7305.39) from Türkiye since 2019.

According to the relevant US legislation, the existence of dumping/subsidy and whether Turkish steel pipes harm US domestic production is being examined. In this process, the responses of the Turkish government and exporters to the US authorities will determine the course of the investigation. According to the results of the investigation, it will be determined whether the existing countervailing duty measures will continue.

Turkish steel pipe producers and exporters should be prepared to closely follow the process and take the necessary actions.

The Turkish Steel Exporters' Association said; "Two separate investigations are being conducted by the International Trade Administration (ITA) of the US Department of Commerce into the existence of dumping and subsidy and by the International Trade Commission (ITC) into whether the existing dumping and subsidy practices have damaged US domestic production.

A final review investigation (sunset review) has been initiated by the aforementioned US institutions for the anti-dumping and countervailing duty measures applied to imports of large-diameter welded pipe originating in Türkiye with the notifications published in the Official Gazette of the US dated 1 February 2024.

In this respect, those who would prefer to become a party to the investigation to be conducted by the ITA, which will assess the existence of dumping/subsidies, are required to contact the ITA and submit their intention to become a party to the investigation in writing no later than 1 February 2024. Following becoming a party, interested parties have 30 days from 1 February 2024 to submit "complete substantive responses". After becoming a party, they are required to submit to the US authorities by answering the questions in the US legislation 19 CFR 351.218 (d)(3) within 30 days after 1 February 2024). It is possible to access the said legislation from here; http://law.justia.com/cfr/title19/19-3.0.2.4.1.html#19:3.0.2.4.1.2.2.18  

In addition, those who wish to be a party to the investigation to be carried out by the ITC, which will evaluate the existence of damage, are required to contact the ITC within 21 days after  1 February 2024 and submit their intention to be a party to the investigation in writing, and they must answer the questions published in the attached Official Gazette of the US and submit them to the ITC until 4 March 2024.

In case of becoming a party to the investigation, the Ministry of Trade must be informed by 8 February 2024." (ballid@ticaret.gov.tr  and s.canoglu2@ticaret.gov.tr

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Dofer Yapı expands Karabük factory: Receives 31.6 million TL investment incentive certificate

Sunday, December 22, 2024

Europe's crude steel production increased

Wednesday, December 18, 2024

Kardemir's 'Power Plant' has been commissioned

Sunday, December 22, 2024

Hasçelik becomes the leader in cold bar exports in 2023

Sunday, December 22, 2024

European car sales decreased by 2% in november

Sunday, December 22, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now