Imports of oil country tubular goods (OCTG) spiked more than
expected in August, with preliminary data showing inflows of
Thats up 61.8
percent from 211,479 tonnes imported in July and marks the
highest level since May 2012, when 348,464 tonnes were brought
ashore, according to the U.S. Commerce Departments Import
Argentina led the
increase, with 96,024 tonnes compared with 7,340 tonnes in July
and an average of 11,972 tonnes per month shipped to the United
States during the first seven months of the year.
were surprised with the increase, as the country wasnt
named in a recently filed anti-dumping case by domestic
producers against nine countries. Sources had expected a rise
in imports from some of the countries involved in the probe
before preliminary decisions are made by Commerce later this
The U.S. International
Trade Commission revoked anti-dumping duties on OCTG imports
from Argentina to the United States in 2007.
South Korea shipped
78,081 tonnes of OCTG in August, according to the preliminary
data, a 43.2-percent increase from July and the highest level
since January, in line with expectations.
"We will see some
increase in imports (from the countries involved in the OCTG
case) and its reflected in what were seeing in the
figures," one trader said.
involved in the case also shipped more in August than July,
with India stepping up OCTG imports to 21,301 tonnes from 7,888
tonnes, Vietnam shipping 14,662 tonnes compared with 491.9
tonnes and Ukraine more than doubling its imports to 9,464
tonnes from 4,040 tonnes.
line pipe imports totaled 159,092 tonnes in August, down 12
percent from 180,695 tonnes in July. The last time they fell
below this level was in September 2012, when 148,369 tonnes of
line pipe were imported.