The United States Department of Commerce (Commerce) determined that welded carbon-quality steel pipe (CWP) originating from Oman was sold below value in the US between Dec 1, 2017 and Nov 30, 2018.
Al Jazeera Steel Products Co. (Al Jazeera) is the sole implicated company from Oman in the preliminary findings by the department. A cash deposit will be required from the company for all its previous trade in the US until the time a final decision has been rendered by Commerce. The investigation was initiated on March 14, 2019.
The cash deposit requirements will be effective for all shipments of CWP that entered into the US, or were withdrawn from warehouse, under breached conditions. Commerce added that the cash deposit rate for Al Jazeera will be determined upon final results of the review.
The weighted-average dumping margin assessed against Al Jazeera is 1.04pc.