Trade Cases
Canada Launches Trade Case vs. Austrian OCTG
Written by Michael Cowden
July 7, 2021
Canada has launched an antidumping trade case against oil country tubular goods (OCTG) from Austria.
The investigation by the Canada Border Services Agency (CBSA) – initiated on Wednesday, July 7 – stems from a complaint filed by Tenaris SA’s Canadian subsidiaries.
“The CBSA will investigate whether the imports are being dumped and will make a preliminary decision within 90 days, at which time provisional duties may apply,” the agency said in a statement.
The action against OCTG from Austria comes roughly a week after Canada started an antidumping case aimed at similar products from Mexico.
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 does not carry a price for welded OCTG. But OCTG prices generally follow coil prices on a lag.
SMU’s benchmark hot-rolled coil price stands at $1,770 per ton ($88.50 per ton), up 9.2% from $1,620 per ton a month ago and more than triple $475 per ton a year ago, according to SMU’s interactive pricing tool.
By Michael Cowden, Michael@SteelMarketUpdate.com
Michael Cowden
Read more from Michael CowdenLatest in Trade Cases
Price: Which countries get a ‘zonk’ in Trump’s primetime ‘Let’s Make a (Trade) Deal’ show?
As the president’s August 1 tariff deadline approaches, the “Let’s Make a Deal” game show returns to primetime (the Monty Hall version, of course). As the administration begins rolling out trade deals, we are starting to see what’s behind door number one and who is getting a “zonk.”
Trump says Canada deal might not happen: Report
President Trump said a negotiated deal with Canada might not occur, and all existing tariffs, along with those set to take effect soon, will stay in place, according to media reports.
Steel trade groups applaud Trump’s S232 tariffs
Five trade organizations involved with North American steel have praised President Trump’s Section 232 tariffs on steel for helping the domestic industry.
Leibowitz on Trade: Bringing manufacturing back to the US
Industries that use steel in manufacturing employ many more workers than steel production. Raising the cost of steel for these customers will not increase manufacturing employment. In fact, it will probably hit employment hard.
China hits out at Canadian tariff actions
The Chinese government has threatened countermeasures on Canada following the Canadian government's announcement on curbing steel imports, according to media reports.