NEW YORK Imports of oil country tubular goods (OCTG) from South Korea to the domestic market could hit nearly 100,000 tonnes in September even as overall shipments of the product are set to fall, according to preliminary import figures from the Commerce Departments International Trade Administration (ITA).
OCTG inflows from Korea were pegged at 99,069 tonnes in September, accounting for 43.6 percent of total OCTG imports of 227,062 tonnes in the month.
The overall figure is down 30.8 percent from 328,102 tonnes recorded in the prior month, according to the ITA.
Market sources recently expressed surprise at the high level of Korean shipments still coming to the United States even after the filing of a trade case against producers in nine countries in early July, although sources said a postponement in preliminary decisions in the anti-dumping case might have emboldened Korean shippers (amm.com, Oct. 29).
OCTG imports from Argentina tumbled 81.7 percent to 14,356 tonnes in September from 78,522 tonnes in August, while shipments from India, another respondent in the trade case, fell 50.4 percent to 10,570 tonnes compared with 21,301 tonnes in the same comparison.
Line pipe imports from Korea declined 17.5 percent to 59,752 tonnes in September from 72,413 tonnes in August, while total line pipe imports stood at 164,506 tonnes for the month, up 2.4 percent from 160,584 tonnes last month.