Zekelman Perspective

Welcome to the Zekelman Industries blog of industry info and news about Zekelman products.

Why is the Section 232 Investigation Important to America?

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Why is the Section 232 Investigation Important to America?

 

A Section 232 investigation is being conducted under the authority of the Trade Expansion Act of 1962, as amended. The purpose of the investigation is to determine the effect of imports on the national security.

The Secretary’s report to the President, prepared within 270 days of initiation, focuses on whether the importation of the article in question is in such quantities or under such circumstances as to threaten to impair the national security. The President can concur or not with the Secretary’s recommendations, and take action to “adjust the imports of an article and its derivatives” or other non-trade related actions as deemed necessary.

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Import OCTG Continues the Onslaught

Import Shipments into the US
Imports as a Percentage of Consumption
OCTG Market Share Import vs. Domestic Shipments

Over the past couple of weeks, the Oil Country Tubular Goods (OCTG) markets have started showing positive signs:  the rig count has apparently reached bottom, inventory levels appear to be in better shape, and import shipments seem to be declining.

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Who’s the Real Threat to American Jobs in the Oil & Gas Industry?

Jack Sunset

Energex Tube is a mid-sized player in the very competitive OCTG space. Part of JMC Steel Group, we are provided many opportunities other companies in the OCTG industry may not have, including advantages in procurement and manufacturing expertise.

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