Commerce Finds China Subsidizes Drill Pipe

Law360, New York (June 8, 2010, 7:23 PM EDT) -- In a victory for domestic manufacturers, the U.S. Department of Commerce announced Tuesday that it had preliminarily determined that Chinese exporters of drill pipe have received countervailable subsidies of about 16 percent.

The International Trade Administration assigned a preliminary subsidy rate of 15.72 percent both to mandatory respondent DP Master Group and to all other Chinese exporters. The department will now instruct U.S. Customs and Border Protection to collect cash deposits based on that rate.

Merchandise subject to the duty order includes heavyweight drill pipe and...
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