-3.5 C
New York
Wednesday, January 26, 2022

Commerce Dept. finds welded pipe from four countries subsidized

Commerce Dept. finds welded pipe from four countries subsidizedCommerce Dept. finds welded pipe from four countries subsidized

WASHINGTON (Reuters) – The U.S. Commerce Department said on Wednesday it had made a preliminary finding that imports of large-diameter welded pipe from China, India, South Korea and Turkey were subsidized by those countries.

It said in a statement that it was imposing preliminary anti-subsidy duties on imports of welded pipe from India of up to 541.15 percent and on those from China of up to 198.49 percent. Such pipe is typically used to build oil and gas pipelines.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: Investing.com

Related Articles

Stay Connected

- Advertisement -

Latest Articles

Popular Articles