What's at Stake?
At a time of high demand for OCTG, the U.S. industry is being squeezed by dumped imports from South Korea and other nations. Failing to fully enforce our trade laws puts American jobs on the line and risks outsourcing the benefits of America’s energy boom. Thousands of workers will be left vulnerable.
- OCTG imports doubled from 850,000 tons in 2010 to 1.8 million tons in 2012 a 113% increase.
- Dumped OCTG imports from South Korea accounted for half of that amount.
- Foreign imports are often sold at hundreds of dollars per ton less than domestic OCTG products.
- Domestic industry operating margins fell from 13.6% to 9.8%.
The United States has trade remedy laws that serve as the last line of defense for American firms and workers in the face of trade cheating. But when the rules are not effectively enforced, U.S. producers lose sales and profits that go into innovation, plant expansions, and hiring American workers.
U.S. workers deserve a fair shot. You can help.