US-import price gap for OCTG slims

Aug 27, 2014 | 03:08 PM | Thorsten Schier

Tags  oil country tubular goods, OCTG, line pipe, J55, X42, South Korea, Thorsten Schier

NEW YORK — The price gap between foreign and U.S. oil country tubular goods (OCTG) has narrowed as tags for imported product continue to rise following an injury determination against offshore product from six nations, including the largest supplier, South Korea.

"It’s close enough that people are interested in the domestic (product)," one southern distributor said.

Last week’s injury determination against OCTG from India, South Korea, Taiwan, Turkey, Ukraine and Vietnam by the U.S. International Trade Commission (ITC) led the Commerce Department to impose anti-dumping and countervailing duties against the nations, with South Korea’s assessment ranging from 9.89 to 15.75 percent (, Aug. 22).....

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