U.S. Says Greece, 5 Other Countries, Dumped Welded Pipe in U.S. Market

The U.S. Commerce Department said on Tuesday it had made a preliminary determination that large-diameter welded pipe from Canada, China, Greece, India, South Korea and Turkey was being dumped in the U.S. market.

The department said it found that the pipe, which is typically used to build oil and gas pipelines, was being sold at less than fair value at rates ranging from 3.45 percent to 132.63 percent.

In its announcement on Tuesday, it said imports of the pipe from Canada were being dumped at a rate of 24.38 percent; from China at 132.63 percent; from Greece at 22.51 percent; from India at 50.55 percent; from Korea ranging from 14.97 percent to 22.21 percent; and from Turkey ranging from 3.45 percent to 5.29 percent.

Imports of the pipe from those six countries were valued at more than $720 million last year, the department said.

The probe is one of more than 100 cases that U.S. President Donald Trump’s administration has opened since taking office that are aimed at protecting U.S. manufacturers in global markets.

(Source: Reuters, Associated Press)