OCTG anti-dumping lawsuit said ‘imminent’
Jan 16, 2013 | 04:47 PM
| Thorsten Schier
Tags
South Korea,
OCTG,
trade case,
Tenaris,
U.S. Steel,
Vallourec,
Thorsten Schier
NEW YORK — Participants in the oil country tubular goods (OCTG) market say a trade case against South Korean producers of welded energy tubulars is "imminent," with a distributor reporting that at least one producer has already reserved the right to cancel shipments if a trade petition is filed.
"They have the right to cancel if an (anti-dumping suit) hits," the distributor said.
A number of mills in the United States, including U.S. Steel Corp. (amm.com, Oct. 31) and Tenaris SA (amm.com, Nov. 8), have said that they are mulling a trade case against producers in the Asian nation due to a substantial increase in low-priced imports. Boulogne-Billancourt, France-based seamless producer Vallourec SA has also said a U.S. trade case is in the works (amm.com, Nov. 9). ....
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