New steel tariff could trigger like action on OCTG

The 30% tariff that President George W. Bush recently imposed on imports of many types of steel definitely will raise costs for US manufacturers of oil country tubular goods and could trigger similar action against US imports of finished OCTG products, say analysts and pipe manufacturers.US manufacturers of OCTG are caught between the new tariff that hikes the price of steel that they use and rising imports of foreign OCTG supplies like "the meat in a sandwich," said René J. Robichaud, president and CEO of NS Group Inc., Newport, Ky. His firm produces seamless and welded drill pipe, casing, production tubing, and line pipe.He said, "The price of hot-rolled steel coils has gone up d...

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