U.S. imposes preliminary antidumping duty of 4.89% on Interpipe OCTG

MOSCOW. Aug 7 (Interfax) - The U.S. Department of Commerce has imposed a preliminary antidumping duty of 4.89% on the products of Interpipe Group as part of an administrative review of imports of oil country tubular goods (OCTG) from Ukraine.

The Commerce Department preliminarily found that OCTG from Interpipe were sold "at less than normal value" during the period of review, which was from July 1, 2021 to June 30, 2022, a document posted in the Federal Register said.

The duty has been imposed for the group's divisions Interpipe Europe S.A., Interpipe Ukraine, Interpipe Nizhnedneprovsky Tube Rolling Plant (Interpipe NTRP) and Interpipe Niko Tube.

The review was initiated following complaints from Maverick Tube Corporation; Tenaris Bay City, Inc.; IPSCO Tubulars Inc.; and United States Steel Corporation.

The Commerce Department intends to issue the final results of the administrative review within 120 days of publication of the preliminary results if the review is not extended.

Interpipe is a Ukrainian industrial group that manufactures seamless pipes and railway wheels. The company exports its products to more than 80 countries through a network of trade offices located in the key markets of the Middle East, North America and Europe. Interpipe sold 384,000 tonnes of pipe products and 87,000 tonnes of railway products in 2022.

Interpipe has five manufacturing divisions: Interpipe NTRP, Interpipe Novomoskovsk Pipe Plant, Interpipe Niko Tube, Interpipe Vtormet and electric furnace steel plant Dneprostal (Interpipe Steel).

Interpipe Limited's ultimate beneficiaries are Ukrainian businessman Viktor Pinchuk and members of his family.