ITA Fact Sheet on Preliminary CV Rates for China Drill Pipe

The International Trade Administration has issued a fact sheet announcing its affirmative preliminary determination in the countervailing duty investigation of drill pipe from China.

As a result of this preliminary determination, the ITA will instruct U.S. Customs and Border Protection to collect a cash deposit or bond based on the preliminary CV duty rate below.

Preliminary CV Duty Rate of 15.72%

The ITA preliminarily determined that Chinese exporters of drill pipe have received countervailable subsidies of 15.72%.

Mandatory respondent, the DP Master Group (DP Master Manufacturing Co., Ltd.; Jiangyin Sanliang Petroleum Machinery Co., Ltd.; Jiangyin Liangda Drill Pipe Co., Ltd.; Jiangyin Sanliang Steel Pipe Trading Co., Ltd.; and Jiangyin Chuangxin Oil Pipe Fittings Co., Ltd.), will receive a preliminary CV duty rate of 15.72%.

All other Chinese exporters will also receive a preliminary CV duty rate of 15.72%.

Final Determination Scheduled for August 2010

The ITA is currently scheduled to issue its final CV duty determination in August 2010.

(See ITT’s Online Archives or 01/27/10 and 01/28/10 news, 10012735 and 10012840, for BP summaries of the ITA’s initiation of this CV duty investigation and the companion antidumping duty investigation.

See ITT’s Online Archives or 04/08/10 news, 10040850, for BP summary of the postponement of this preliminary CV determination.)

(Fact sheet posted 06/08/10, ITA Case No. C-570-966)