Latest market news

US OCTG imports fell in 2023, line pipe up slightly

  • : Metals, Pipe and tube
  • 24/02/14

US imports of oil country tubular goods (OCTG) fell in 2023 while line pipe imports rose slightly.

  • OCTG imports fell by 8.2pc year-over-year but are still at the second-highest level in at least the last four years, according to data from the US Department of Commerce.
  • Taiwan led the overall OCTG volume declines, down by 85,500t year over year, followed by a 70,800t drop from Mexico. Imports from Thailand more than doubled, increasing by 95,400t, while Canadian imports rose by 83,100t.
  • Line pipe imports edged up by 0.3pc or more than 3,000 metric tonnes (t) from their 2022 levels and are up by 47pc compared with 2021 volumes.
  • Turkey boosted its line pipe volumes into the US by 23,300t, nearly tripling its prior-year total, while Brazil more than doubled its volumes, increasing them by 22,400t.
  • Structural pipe imports increased by 2.2pc in 2023 to 425,600t, a 9,300t increase.
  • Mechanical pipe imports fell by 2.6pc to 613,400t, a 16,300t decline.

US pipe and tube importsmetric tonnes
Line pipe1,027,7341,024,3713,3630.3%
Heavy Structural Shapes686,668723,676-37,008-5.1%

Related news posts

Argus illuminates the markets by putting a lens on the areas that matter most to you. The market news and commentary we publish reveals vital insights that enable you to make stronger, well-informed decisions. Explore a selection of news stories related to this one.

Business intelligence reports

Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.

Learn more