The U.S. Department of Commerce has concluded that circular welded carbon steel standard pipe and tube products from Türkiye were sold in the U.S. at prices below their normal value from May 1, 2022, to April 30, 2023. Borusan, the sole exporter reviewed, faces an assessment of antidumping duties on its products to ensure fair trade practices. The duties will be applied based on specific calculations, and importers must comply with certain regulations to avoid double duties. Cash deposits based on these final results will be required for future shipments.
Simple Explanation
The U.S. Department of Commerce found that a company from Türkiye sold some steel pipes in the U.S. for less money than usual, so they’re going to make that company pay extra fees to make it fair.