The US International Trade Commission has decided to close the case against Oman’s exports of steel pipes without imposing any fees.
The decision came after a US court granted US national companies sixty days to appeal the final verdict issued last February in favour of Oman’s exports. No companies appealed.
A US Commerce Department investigation into the case concluded there was no damage to any of the prosecuting companies due to Omani exports of steel pipes to the US.
Omani exports will now continue to compete in the US market without the imposition of any protectionist measures relating to the fight against harmful practices in international trade, which is reinforced by the presence of a free trade agreement between the two countries.
In a related case, US steel companies filed a case against Oman for exporting polyethylene products to Egypt under the market price, flooding the markets last year.
Egyptian authorities investigated the case for one year, before ruling in favour of Oman.
Oman’s total steel exports to US stood at $70 million in 2014.
Source: gulf News
- metaljunction »
- Metal News
Metal News & Events
METALJUNCTION PUBLICATIONS
Coal Insights (English) Monthly
Coal Insights is a ready reckoner for anyone associated with coal. This publication is aimed at tracking everything related to coal in India.
India Coal Market Watch(English) Monthly
ICMW is a one-stop source for all news, data and research pertaining to coal demand, consumption, stocks, spot- and long-term prices with respect to the Indian Market.
India Steel Market Watch (English) Monthly
ISMW is a brand new high-end steel market report, covering all aspects of the steel industry in India.
Steel Insights(English) Monthly
Steel Insights delves into various facets of the domestic and global steel industry such as market fundamentals, raw material price trends, price forecasts etc.