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Commerce Preliminarily Finds Subsidization of Drill Pipe from China
06/09/2010 - The Department of Commerce has announced its affirmative preliminary determination in the CVD investigation on imports of drill pipe from P.R. China, noting that Chinese exporters including mandatory respondent DP Master Group have received countervailable subsidies of 15.72%.
The Department of Commerce has announced its affirmative preliminary determination in the countervailing duty (CVD) investigation on imports of drill pipe from P.R. China, noting that Chinese exporters including mandatory respondent DP Master Group have received countervailable subsidies of 15.72%.
As a result of this preliminary determination, Commerce will instruct U.S. Customs and Border Protection to collect a cash deposit or bond based on this preliminary rate.
The combined imports of drill pipe and drill pipe with tool joints attached were valued at an estimated $119.2 million in 2009. Based on pieces, imports of drill pipe with tool joints attached increased 24% by volume from 2006 to 2008.
Commerce is currently scheduled to make its final determination in August 2010.
Petitioners for this investigation are VAM Drilling USA, Inc.; Texas Steel Conversions, Inc.; Rotary Drilling Tools; TMK IPSCO; and the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union, AFL-CIO-CLC.
