Turkey OCTG: Prelim Results of CV Admin Review
The Commerce Department has released the preliminary results of a countervailing duty administrative review on oil country tubular goods from Turkey (C-489-817). The agency preliminarily assigned a 1.01% CVD rate to Borusan Mannesmann Boru Sanayi ve Ticaret A.S., and a 1.55% CVD rate to Cayirova Boru Sanayi ve Ticaret A.S. If the agency's findings are continued in the final results of these reviews, importers of subject merchandise from Borusan and Cayirova entered Jan. 1, 2022, through Dec. 31, 2022, will be assessed CVD at importer-specific rates. Any changes to rates for the two companies would take effect on the date of publication in the Federal Register of the final results of this review, currently due in February.
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Commerce also intends to end its review for 10 companies that the agency says had no reviewable entries to the U.S. during the period of review. The 10 are listed in Appendix II of the notice.
Cash deposit rates for all other exporters of subject merchandise will not change as a result of this review, and Commerce has ordered liquidation of entries from such companies “as entered” at the cash deposit rate in effect at time of entry (ADCVDWeb Message # 3354421).
(The period of review is 01/01/22 - 12/31/22. See the notice for additional information, including the scope of the order, potential cash deposit and assessment instructions, etc.)