Government/Policy
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
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