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16 Mar
11:21

DOC slashes CVD rate on BMB’s OCTG imports

The US Department of Commerce (DOC) has revised downwards the countervailing duty (CVD) set on oil and gas pipe imports by Turkey’s Borusan Mannesmann Boru (BMB), the welded pipe maker says. The CVD has been reduced to 2.39% from the final rate of 15.89%, announced by DOC in July 2014, BMB informs in a bourse filing seen by Kallanish. This is the result of the United States Court of International Trade’s (CIT) ruling for the DOC to recalculate the CV…
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