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
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 Julys imports of 211,479 tonnes,
according to the U.S. Commerce Departments Import
License data for OCTG
imports from South Korea stood at 96,298 tonnes for the month,
up 65.4 percent from 58,237 tonnes in the same period last year
and 76.6 percent higher than Julys 54,532 tonnes.
filed anti-dumping cases against OCTG producers from nine
countries including, South Korea in early July (
amm.com, July 2), and sources said imports will
likely increase before preliminary decisions in the case are
made by Commerce later this year.
mills have said they wont hesitate to invoke surging, a
provision by which anti-dumping duties would be retroactively
imposed 90 days prior to preliminary determinations in the case
if they believe imports are spiking due to the filing
(amm.com, July 31).
Meanwhile, August line
pipe imports could fall to their lowest level since last
September, with license applications totaling 153,547 tonnes in
August, down 24.8 percent from 204,099 tonnes during the same
month a year ago and off 15 percent from Julys 180,695
Line pipe imports
could eventually rise once preliminary decisions in the OCTG
case are made and foreign mills that are able to manufacture
both switch production, sources have said (
amm.com, July 30).