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2014-02-20
Interpipe continues supplying OCTG to the USA
Following the USA Department of Commerce announcement yesterday of the preliminary determination in the antidumping duty investigation, an antidumping duty deposit requirement will be imposed on imports of OCTG from Ukraine. Interpipe will comply with the USA Department of Commerce order imposing a preliminary dumping margin duty of 5,31%.
The process, which was started in July 2013 against tubular producers from Philippines, India, Korea, Saudi Arabia, Taiwan, Thailand, Turkey, Vietnam and Ukraine will be finished about August, 15, 2014.
Interpipe will continue to fully cooperate with the dumping investigation.
Fadi Hraibi, Interpipe Chief Commercial Officer commented: «Interpipe remains a reliable partner to our USA customers as well as partners worldwide. And we will continue to supply high quality OCTG products to them».
Background:
Interpipe is a vertically integrated steel pipe and railway wheel company. Interpipe is one of the world’s ten largest producers of steel pipe products, and key player in railway wheels industry. The company’s products are supplied to more than 80 countries all over the world through a chain of commercial offices located in Ukraine, Russia, Kazakhstan, Europe, the USA and the Middle East.
In 2013 the company’s mills produced about 1.1 mln tons of pipe and wheel products.
Interpipe Steel is a key investment project for Interpipe that will provide the company’s steel and pipe production units with their own billets. The new plant’s capacity will be 1,320,000 tons a year, which will make it the largest mill in Eastern Europe. Total investment in the project amounts to $USD 700 million.
