Latest U.S. trade probe targets welded pipe - Commerce Department
The United States is investigating whether manufacturers in Canada, China, Greece, India, Korea and Turkey are dumping large-diameter welded pipe into U.S. markets or are being unfairly subsidized by their governments, the Commerce Department said on Tuesday.
If the government makes a preliminary finding by March 5 that dumping or unfair subsidies are taking place it will begin collecting cash deposits from U.S. companies importing the pipe, the department said.
The probe covers welded carbon and alloy steel pipe larger than 16 inches (406.4 mm) in diameter. The pipe is generally used to transport oil, natural gas, slurry and steam and for piling, the department said.
The U.S. investigations, part of the 94 cases President Donald Trump`s administration has opened since taking office, are aimed at protecting U.S. manufacturers in global markets, Commerce Secretary Wilbur Ross said in a statement.
The Commerce Department estimated that in 2016 imports of large-diameter welded pipe from Canada had a value of $66 million, China $139 million, India $26 million, Greece $70 million, Korea $150.3 million, and Turkey $116.1 million.
"Dumping" is the practice of selling goods at below market price.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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