05
Mar
14:57
Borusan Mannesmann collects $11.7m in Section 232 lawsuit
Borusan Mannesmann has collected $11.7 million from US Customs as a result of one of the four separate lawsuits filed against the US Department of Commerce regarding Section 232 tariffs. This relates to OCTG and standard pipe.
However, this will not have an impact on Borusan’s 2021 income statement, the firm says.
In August 2018 former US President Donald Trump increased the tariff on Turkey-origin steel imports from 25% under Section 232 to 50% due to dete…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous