US OCTG market players feel Section 232 report will be anticlimactic

Tuesday, 19 December 2017 01:46:52 (GMT+3)   |   San Diego
       

A key report within the Section 232 investigation may be due in mid-January, but sources close to SteelOrbis believe that the findings in any such report will be anticlimactic.

Last week, SteelOrbis reported that news outlets are indicating the US government is considering exclusions for Mexico, Canada, Japan and South Korea, and since those countries are among the most significant sources of US import OCTG, any exclusions to import tariffs or restricted tonnages from those countries would not be impactful, a source said.

“All this Section 232 stuff has been going on for months, but it seems like it’s all symbolic at this point. If it plays out like a lot of us think it will play out, if places like South Korea are excluded, it’s not going to have much of an impact,” a source said.

For now, prices remain neutral. Pricing for import J55 ERW OCTG casing from Taiwan in the US domestic market is still being heard at $41.00-$42.50 cwt. ($904-$937/mt or $820-$850/nt), DDP loaded truck in US Gulf coast ports, while spot market prices for US domestic J55 ERW OCTG casing remains in the range of $47.50-$50.00 cwt. ($1047-$1102/mt or $950-$1000/nt), ex-mill.


Similar articles

Chinese steel pipe export offer prices edge down slightly

27 Mar | Tube and Pipe

US HSS prices revise downward yet again due to soft HRC prices

25 Mar | Tube and Pipe

US structural pipe and tube exports down 41.7 percent in January

22 Mar | Steel News

Chinese steel pipe export offer prices fluctuate within limited range

20 Mar | Tube and Pipe

US structural pipe and tube imports up 13.6 percent in January

19 Mar | Steel News

US mechanical tubing imports up 17.6 percent in January

18 Mar | Steel News

Chinese steel pipe export offer prices move down further

13 Mar | Tube and Pipe

US HSS prices

12 Mar | Tube and Pipe

US HSS prices steady after last week’s drop

07 Mar | Tube and Pipe

Finished US domestic J55 ERW OCTG casing spot market price range

06 Mar | Tube and Pipe