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U.S. government extends deal with Interpipe to suspend antidumping duty in exchange to price liabilities

Interpipe is the third largest producer of solid-rolled railway wheels in the world.
15:20, 8 July 2018

Open source

The United States Department of Commerce has extended the Agreement Suspending the Antidumping Duty Investigation on Certain Oil Country Tubular Goods from Ukraine dated July 2014 with Interpipe Group for another year.

 

Related: Ukraine’s Ukrmetprom to cooperate with U.S. World Steel Dynamics

“The amendment to the Agreement extends the Agreement for another year, stating that the Agreement shall terminate four years after the effective date of the original document, which is on 10 July 2019,” the authority said in the Federal Register, Interfax-Ukraine reports.

The report says that in November 2017, the Ukrainian signatory prodecer and exporter Interpipe requested that the Agreement is extended. In the first quarter of the current year, the department invited the parties to comment on the request and then decided to extend the Agreement for one additional year, based on the unique circumstances in Ukraine.

 

Related: EU introduces anti-dumping duty on Ukrainian steel

As reported earlier, the agreement between the U.S. government and the Ukrainian enterprise was signed on 10 July 2014 after the results of an antidumping investigation and initially the Agreement was to expire on 10 July 2017, however, it was later extended for one additional year.

Interpipe is an integrated pipe and wheel Company, a member of the TOP 10 list of the world’s largest seamless pipes’ producers. In 2012 the company’s mills produced more than 1.1 million tons of pipe products. Interpipe is the third largest producer of solid-rolled railway wheels in the world. In 2012 the production was more than 250 thousand tons of wheel products.

Related: Steelmakers ask Ukrainian Government to prolong export duties on metal scrap

The company’s products are marketed in more than 80 countries around the world through a network of sales offices located in key markets of the CIS, the Middle East, North America, and Europe.

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