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)

USDOC confirms dumping margin for UAE's circular welded steel pipes

UAE steel industry faces scrutiny as U.S. Department of Commerce discloses dumping margins on circular welded steel pipes.

USDOC confirms dumping margin for UAE's circular welded steel pipes

The U.S. Department of Commerce (USDOC) has officially announced a preliminary dumping margin for circular welded steel pipes originating from the United Arab Emirates (UAE). The investigation revealed that producers and exporters from the UAE had been selling these pipes at prices lower than the fair market value during the period from December 1, 2021, to November 30, 2022.

The weighted average dumping margin determined by the USDOC ranges from 0.96% to 1.09%. The affected products are identified as welded carbon-quality steel pipes featuring a circular cross-section and an outside diameter not exceeding 406.4 mm. These items fall under specific Harmonized Tariff Schedule numbers, including 7306.19.1010, 7306.19.1050, 7306.19.5110, 7306.19.5150, 7306.30.1000, 7306.30.5015, 7306.30.5020, 7306.30.5032, 7306.30.5040, 7306.30.5055, 7306.30.5085, 7306.30.5090, 7306.50.1000, 7306.50.5030, 7306.50.5050, and 7306.50.5070.

This determination by the USDOC signifies a crucial step in addressing trade imbalances and ensuring fair competition within the steel pipe industry. The imposition of anti-dumping measures aims to safeguard domestic producers and maintain a level playing field in the market. The affected parties in the UAE will now have an opportunity to respond to these findings, with further actions expected to unfold as the investigation progresses.

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

Ukraine increased the export of scrap by 62.4%

Monday, December 23, 2024

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
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