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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