US-import price gap for OCTG slims
Aug 27, 2014 | 03:08 PM
| 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.
"Its close enough that people are interested in the domestic (product)," one southern distributor said.
Last weeks 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 Koreas assessment ranging from 9.89 to 15.75 percent (amm.com, Aug. 22).....
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