US inflows of S. Korea OCTG still high

Oct 29, 2013 | 03:19 PM | Thorsten Schier

Tags  OCTG, line pipe, South Korea pipe, trade case, Thorsten Schier

NEW YORK — The flow of South Korean oil country tubular goods (OCTG) to the U.S. market remains high despite an ongoing trade case against the country, surprising market participants.

"They don’t seem to be too frightened by this suit," one trader said.

U.S. imports of the product were expected to slow ahead of preliminary decisions and potential dumping margins from the Commerce Department’s International Trade Administration in early December, but decisions were postponed due to the recent government shutdown (, Oct. 25), which market sources said might have emboldened South Korean shippers.....

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