US imports of Korean OCTG on rise

Feb 12, 2013 | 02:21 PM | Thorsten Schier

Tags  OCTG imports, oil country tubular goods, license applications, trade complaint, Thorsten Schier

NEW YORK — U.S. imports of oil country tubular goods (OCTG) from South Korea will likely remain high as some mills ship more material ahead of a possible trade case.

"They’re going to bring more in February; they’re going to bring more in March. They’ll bring it here and start selling from here," one trader said, noting that January’s import license applications for OCTG from Korea—97,817 tonnes, according to the U.S. Commerce Department’s Import Administration—were the highest in more than a year despite no noticeable pickup in demand.....

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