📦Preliminary Results of Countervailing Duty on Korean Welded Pipes
Large Diameter Welded Pipe From the Republic of Korea: Preliminary Results and Partial Rescission of the Countervailing Duty Administrative Review; 2023
Summary
The U.S. Department of Commerce (Commerce) preliminarily determines that countervailable subsidies are being provided to certain producers and exporters of large diameter welded pipe (welded pipe) from the Republic of Korea (Korea). The period of review (POR) is January 1, 2023, through December 31, 2023. Additionally, we are rescinding this review with respect to 16 companies. Interested parties are invited to comment on these preliminary results of review.
Agencies
- Commerce Department
- International Trade Administration
Business Impact
$$$ - High
The document discusses the preliminary results of the countervailing duty review, indicating that certain producers/exporters in Korea are receiving subsidies, which could lead to increased costs for U.S. businesses importing these pipes. Compliance with the resulting duties is necessary, affecting pricing strategies for manufacturers and suppliers.