Fresh trade case could bolster US OCTG prices

Prices for most oil country tubular goods (OCTG) and electric-resistance welded (ERW) line pipe in the United States were steady or increased slightly in October.

A recently filed trade case, however, claiming unfair advantages on OCTG imports from South Korea, Russia, Mexico and Argentina could potentially impact the OCTG market in the coming months, sources said. It will depend in large part on how quickly the case is decided and how severe the tariffs might be against the countries in question. “I think it could trigger a spike in pricing,” a Southwest-based producer source said. The anti-dumping petition was filed on Wednesday October 6 by Borusan Mannesman Pipe, US Steel Tubular Products, PTC Liberty Tubulars, Welded Tube USA and representatives of the United Steelworkers union. “This almost appears to specifically target Tenaris, since they are the major importer of seamless OCTG from Argentina and Mexico,” an eastern producer source said. “Russia almost targets Tenaris as well, since they have the exclusive distribution rights for Russia TMK OCTG in the US as part of their deal buying TMK Ipsco...

Published

Mark Burgess

October 13, 2021

21:05 GMT

Knoxville, Tennessee