According to preliminary investigations by the US Commerce Department, large diameter welded pipe from India, Canada, China, Greece, South Korea, and Turkey was being dumped into the US market.
The department has also confirmed that the pipe which is used to build oil and gas pipelines was being sold at less than the market prices ranging from 3.45 per cent to 132.63 per cent.
According to preliminary findings in June, 2018, the Commerce Department said, imports of the pipe from four of the countries including China, India, South Korea, and Turkey were being unfairly subsidized. It imposed preliminary duties that in the case of India ranged up to more than 500 per cent.
According to an announcement on Tuesday (21), the commerce department said, imports of the pipe from Canada were being dumped at a rate of 24.38 per cent; from China at 132.63 per cent; from Greece at 22.51 per cent; from India at 50.55 per cent; from South Korea ranging from 14.97 per cent to 22.21 per cent; and from Turkey ranging from 3.45 per cent to 5.29 per cent.
The imports of the pipe from those six countries were valued at more than 557.48 million pounds in 2017, the department added.
The US probe into the imports was launched in March after a petition from a group of privately held US manufacturers. The investigation covers welded carbon and alloy steel pipe larger than 16 inches (406.4 mm) in diameter.
In 2017, the imports of large diameter welded pipe from Canada, China, Greece, India, Korea, and Turkey were valued at an estimated 139.29mn pounds, 22.61mn pounds, 8.28mn pounds, 228.18mn pounds, 116.84mn pounds, and 44.37mn pounds, respectively.
The list of the petitioners include, American Cast Iron Pipe Company (Birmingham, AL), Berg Steel Pipe Corp. (Panama City, FL), Berg Spiral Pipe Corp. (Mobile, AL), Dura-Bond Industries (Steelton, PA), Skyline Steel (Parsippany, NJ), and Stupp Corporation (Baton Rouge, LA), said US Department of Commerce in a statement.
