The U.S. Department of Commerce has completed its review and confirmed that Borusan Birleşik Boru Fabrikalari Sanayi ve Ticaret A.S. is the successor to Borusan Mannesmann Boru Sanayi ve Ticaret A.S. This change affects the countervailing duty rates for products like standard pipe and oil tubular goods from Türkiye, allowing Borusan Birleşik Boru to use the previous duty rates assigned to Borusan Mannesmann. Commerce has instructed customs to adjust the cash deposits for shipments by Borusan Birleşik Boru accordingly, effective from November 13, 2023.
Simple Explanation
The U.S. Department of Commerce decided that a company called Borusan BirleÅŸik Boru is now the same as a company called Borusan Mannesmann, so it gets to pay the same taxes on its steel pipes as before.