Canada Launches Trade Case vs. Austrian OCTG

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.

canada

“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

Michael Cowden is managing editor for Steel Market Update. Cowden has covered the steel industry since 2007. He has since 2014 specialized in flat-rolled steel but has previously reported on steel long products, steel pipe and tube as well as aluminum. Before joining SMU, Cowden held reporting jobs at Fastmarkets AMM in Chicago - where he was involved in launching AMM's daily hot-rolled coil index, the Associated Press in Pittsburgh, and the Cambodia Daily in Phnom Penh. He has also worked as a copy editor and in marketing at the University of Chicago Press. Cowden has a BA in English from the University of Chicago and an MSJ journalism from Northwestern University’s Medill School of Journalism. Contact him at michael@steelmarketupdate.com or 724-759-7872.