OCTG arrivals look set to hit highest level in over a year

Sep 04, 2013 | 03:52 PM | Thorsten Schier

Tags  OCTG, line pipe, August imports, steel imports, oil country tubular goods, Commerce Department, Thorsten Schier

NEW YORK — U.S. imports of oil country tubular goods (OCTG) appear on course to reach the highest level in more than a year during August, with projected imports from South Korea showing a particularly large jump.

OCTG import license applications totaled 286,759 tonnes through Sept. 4, up 7.1 percent from 267,650 tonnes in the same month last year and 35.6 percent higher than July’s imports of 211,479 tonnes, according to the U.S. Commerce Department’s Import Administration.....

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