ITC Makes Negative Injury Determination in Antidumping Investigation on Light-Walled Rectangular Pipe From Turkey and Mexico
On September 29, 2004 the U.S. International Trade Commission (ITC) made its final injury determination in the antidumping investigation of light-walled rectangular pipe and tube from Turkey and Mexico. By a unanimous vote (6 to 0), the ITC held that imports from Turkey and Mexico are not causing injury or threatening to cause injury to the U.S. pipe industry.
As a result of this determination, the U.S. Department of Commerce's (DOC) antidumping investigation will be terminated. DOC will instruct Customs and Border Protection to return any bonds that have been posted by importers and to refund any antidumping duty deposits with regard to imports of light-walled rectangular pipe and tube from Mexico and Turkey.
The ITC's written decision will not be issued for another few weeks. However, it appears that the record prices and profits realized by the U.S. pipe industry in 2004 played a crucial role in the ITC's negative injury finding.
|posted by Douglas N. Jacobson| Permalink 
