Trade Cases
Canada Launches Trade Case Against Mexican OCTG
Written by Michael Cowden
July 1, 2021
Canada has launched an anti-dumping trade case against oil country tubular goods (OCTG) from Mexico.
The probe stems from a complaint filed by Regina, Saskatchewan-based Evraz Inc. NA Canada and Concord, Ontario-based Welded Tube of Canada, according to documents from the Canada Border Services Agency (CBSA).
The CBSA, which initiated its investigation on June 30, will make a preliminary decision within 90 days as to whether OCTG from Mexico is being dumped – at which point provisional duties might take effect.
The CBSA defines OCTG as casing, tubing and “green tubes.” The trade case targets both seamless and welded OCTG, carbon and alloy material, as well as both heat-treated and non-heat-treated product.
Green tubes refer to unfinished OCTG that is exported from Mexico and finished elsewhere. Such products made in Mexico and finished in Canada would be subject to the trade action.
Green tubes exported to a third country before re-export to Canada are not included in the probe. Also excluded from the investigation is drill pipe, pup joints, couplings, coupling stock and stainless OCTG.
OCTG is used to extract oil and natural gas from underground wells. Welded OCTG, which is made from welded sheet steel, is a key end market for hot-rolled coil.
Steel Market Update (SMU) does not carry a price for welded OCTG. But OCTG prices generally follow coil prices on a lag.
SMU’s benchmark hot-rolled coil prices stands at $1,770 per ton ($88.50 per ton), up 9.2% from $1,620 per ton a month ago and up nearly 80% from $985 per ton at the beginning of the year. See SMU’s interactive pricing tool.
By Michael Cowden, Michael@SteelMarketUpdate.com
Michael Cowden
Read more from Michael CowdenLatest in Trade Cases
Leibowitz: Europe Aims to Impose Countervailing Duties on EVs From China
Trade policy moves create great ironies sometimes. I often write about these ironies when the US acts against the interests of the country as a whole by protecting certain industries from international competition. But the US is not alone, especially in recent years as the World Trade Organization and the international geopolitical order have been […]
Leibowitz: Banning Inputs and Components—Effective Policy or Not?
As the global trading system, which used to be “rules-based,” continues its slide toward the absence (defiance? disregard?) of rules, governments around the world are trying new things.
Leibowitz: Warming Commercial Relations? The Raimondo Visit to China
Last week the Secretary of Commerce, Gina Raimondo, visited China for high-level meetings with the Chinese government. Her counterpart, Wang Wentao, China’s Commerce Minister, participated in the discussions. The four-day meeting included an announcement of two new working groups dealing with US-China economic relationships. The first was a forum to explain US export controls relating […]
Leibowitz: Trade Gets Easier for Allies, Harder for China
The Biden administration issued three decisions last week that raise the question whether international trade will be harder or easier when it comes to infrastructure and commercial manufacturing in the US.
Mexico Announces 25% Import Tariffs on Steel
Mexico has decided to implement import tariffs on a number of products, among them, steel.