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 Julys imports of 211,479 tonnes, according to the U.S. Commerce Departments Import Administration.
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.
Domestic producers 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.
However, domestic 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 tonnes.
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).