EU issues definitive AD duty on tube and pipe fittings from three countries
The European Commission has announced the imposition of a definitive antidumping (AD) duty on imports of certain tube and pipe fittings from South Korea, Malaysia and Russia, following an expiry review. The review covered the period from April 1, 2023, to March 31, 2024.
The EC concluded that tube and pipe fittings from the countries in question were sold at dumped prices and that the expiry of the measures on the products would likely to lead to the recurrence of dumping. The definitive antidumping duty rates are at 32.4 percent for TK Corporation and 44.0 percent for other South Korean companies, 59.2 percent for Anggerik Laksana, 49.9 percent for Pantech Steel Industries and 75.0 percent for other Malaysian companies, and 23.8 percent for all Russian companies.
The products fall under Customs Tariff Statistics Position Numbers 7307 93 11 91, 7307 93 11 93, 7307 93 11 94, 7307 93 11 95, 7307 93 11 99, 7307 93 19 91, 7307 93 19 93, 7307 93 19 94, 7307 93 19 95, 7307 93 19 99, 7307 99 80 92, 7307 99 80 93, 7307 99 80 94, 7307 99 80 95, and 7307 99 80 98.
Turkey’s Borusan Pipe commissions Romania service centre
Borusan Pipe, a major Turkish steel pipe producer, has commissioned its second-largest investment in Europe, in Ploieşti, southern Romania.
At an investment of €15 million ($16.6m according to 13 September exchange rate), the facility, for which construction work began in March 2023, will carry out cutting and finishing operations of cylinder tubes, reserve tubes, and monotubes for special use in shock absorbers. The unit, which will produce using technologies such as short-cutting, brushing, and in-line washing, will serve shock absorber manufacturers in the automotive supply chain.
The Romanian government supported Borusan Pipe’s investment with state aid of €5.83m, notes Kallanish.
The Romania service centre is expected to contribute $8m to the company’s total turnover in the second half of the year as it gradually begins operations.
“Another significant step towards our goal of being a local player in international markets is the inauguration of our new service centre in Romania,” says Borusan Pipe executive vice present Ali Okyay. “Being a regional player in Europe, we will be near our clients and offer the required supply chain flexibility. Through this investment, we will get closer to our goal of becoming the continent’s pre-eminent integrative solution provider and producer of steel pipes, particularly in eastern Europe.”
Burcak Alpman Turkey
