WASHINGTON-the Department of Commerce announced a final decision Tuesday to impose countervailing measures and anti-dumping duties against some drill pipe imports from China.
The movement which is specific to the additional load bilateral trade ahead of President Hu to Washington in two weeks to visit relations Jintao is raised the latest in a series of tariff measures against Chinese companies over the last few years. Imports of the pipe in oil drilling, used $ 119 million rejected in 2009 from $ 194 million in 2008.
Represent the Chinese Government is subsidizing the pipe production, commerce is imposing a countervailing duty 18.18%.
In addition, the Department collection of dumping duties of up to 69.32% on imports is dumped or below market value is sold.
The United States of International Trade Commission must find that domestic manufacturers of pipes by imports threatened before you can actually takes place.
The United Steelworkers Union relief in the event along with VAM drilling USA Inc., Texas steel conversions Inc., Rotary drilling tools and TMK IPSCO filed.
Write toTom Barkley at tom.barkley@dowjones.com
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