Steel Products Prices North America
July 7, 2014
Final Ruling on OCTG Imports Due on July 11
Written by Sandy Williams
Steel imports in May increased 7.4 percent from April to 4 million net tons, a 41.5 percent increase over May imports in 2013. The year-to-date total is now 17.5 million net tons, 31.7 percent higher than the same period last year.
Steel imports have been a headline issue for the steel industry in the last few years and that attention is coming to a precipice with the upcoming Commerce Department final ruling on Oil Country Tubular Goods (OCTG) imports on July 11. Preliminary data shows 1.597 million net tons of OCTG has been imported in the first five months of 2014, up 26.7 percent from same period in 2013, according to preliminary Census Bureau data and the American Iron and Steel Institute (AISI).
