OCTG

U.S. Steel says OCTG duty adjustment is too low
Written by Laura Miller
December 6, 2024
A newly adjusted anti-dumping duty on imports of oil country tubular goods (OCTG) from Argentina is too low, according to U.S. Steel.
This past week, the Department of Commerce released the preliminary results of annual AD duty order reviews on OCTG from both Argentina and Mexico. It is reviewing imports during the one-year period that ended Oct. 31, 2023.
U.S. Steel praised Commerce’s finding of a 30.38% dumping margin for Mexico’s Tubos de Acero de Mexico (Tenaris Tamsa).
But the preliminary dumping rate of 6.8% for Argentina’s Tenaris Siderca is problematic for the Pittsburgh-based steelmaker.
“We are encouraged by the Commerce Department’s diligence in enforcing trade laws in its review of Mexican OCTG, but have concerns that Argentine OCTG is being dumped at much higher levels than the preliminary rate,” Duane Holloway, U.S. Steel’s general counsel and chief ethics and compliance officer, said on Thursday.
He added that the company will continue engaging in the reviews “so that Commerce can calculate fair and accurate dumping margins in their final results next year.”
Why is U.S. Steel speaking out about these preliminary case results? The company still produces billets and seamless OCTG at its Fairfield Tubular Operations in Alabama. The facility has an annual capacity of 750,000 short tons of seamless tube products for use in the oil and gas energy markets.
These particular AD duty orders cover imports of both seamless and welded OCTG, including finished and unfinished oil well casing, tubing, and coupling stock.

Laura Miller
Read more from Laura MillerLatest in OCTG

Active rig counts slipped in US, Canada
Drilling activity slowed in the US and Canada last week, according to the latest oil and gas rig count data released by Baker Hughes.

OCTG producers in Canada take aim at Mexico, US, others
Evraz NA and Welded Tube of Canada have lodged an unfair trade complaint against imports of OCTG, including those from USMCA trading partners Mexico and the US.

OCTG industry salutes Customs for catching trade crooks
The US OCTG Manufacturers Association is commending US Customs for intercepting another Thai company's attempt to illegally transship Chinese oil pipe to the US.

Drilling activity slows in the US, grows in Canada
Oil and gas drilling activity was mixed this week, according to Baker Hughes. US totals slipped for a sixth straight week, while Canada saw a slight bump in activity.

Commerce finds no Korean OCTG shipments below market value
US Department of Commerce (Commerce) review found no South Korean oil country tubular goods (OCTG) exporters or producers sold products below market value