The U.S. Department of Commerce published the final results of their review on December 4, 2024. They found that Borusan Birleşik Boru Fabrikalari Sanayi ve Ticaret A.S. (Borusan Boru) is the successor of Borusan Mannesmann Boru Sanayi ve Ticaret A.S. (BMB). This means Borusan Boru will now receive the same cash deposit rates and benefits that BMB had in place for various steel and pipe products imported from Türkiye. U.S. Customs will collect cash deposits for Borusan Boru’s products based on rates previously assigned to BMB.
Simple Explanation
The U.S. Government checked and confirmed that one company in Türkiye, called Borusan Boru, is now the same as another company it used to be, BMB, for trading steel pipes. So, Borusan Boru will follow the same money rules for bringing their pipes to the U.S. as BMB did before.