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US imposes preliminary anti-dumping duties on Russian oil and gas pipes

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Earlier, the US Department of Commerce announced the introduction of preliminary countervailing duties on Russian oil and gas pipes.

US imposes preliminary anti-dumping duties on Russian oil and gas pipes

The US Department of Commerce has announced the preliminary results of an anti-dumping investigation into the import of welded and seamless oil and gas pipes (OCTG) from Russia, Argentina and Mexico.

The OCTG suppliers from these three countries were exporting at artificially low prices, according to US Department of Commerce officials. In this regard, it was decided to introduce preliminary anti-dumping duties.

Its rate for the Vyksa Metallurgical Plant of the OMK Group was 11.82%, for all enterprises of the TMK Group - 121.11%. For other Russian manufacturers, the provisional duty was set at 70.49%.

Earlier, the US Department of Commerce announced the introduction of preliminary compensatory duties on Russian oil and gas pipes at a level of 1.37 to 1.68%.

Preliminary anti-dumping duties are also being imposed on pipes from two other countries under investigation. For Argentine companies, the rate is 76.4%, and for Mexican companies it is 69.56%.

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