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Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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April 2017 | Welded steel tube & pipe


Permian production boom boosts OCTG and linepipe demand: Americas Market Analysis


In the immediate wake of the duty determination, OCTG prices have ceased their upward trend and even slid somewhat, depending on size and grade, in response to the expectation that a significant portion of South Korean-origin tonnage will remain competitive in the US market.

Views mixed on results of administrative review on South Korean OCTG released

The final results of the administrative review of South Korean OCTG imports to the USA were released on 11 April. The initial trade case was issued over imports that took place in 2012-2013 with the results being issued in mid-2014. This administrative review was launched in July 2016 for imports during the period from July 2014 to July 2015. Expectations were that the Trump Administration would add weight to more protectionist policies and steeper duties on imports, especially considering the high duties placed on HR coil imports from POSCO. Indeed, a memo from the National Trade Council suggested a 36% duty on South Korean OCTG based off of the POSCO duty results and the relative cost share of HR coil to the production of OCTG. That calculation, however, does not follow the current Commerce Department protocols for calculating...

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