A group of US companies that produce specialty steel pipe used to drill for oil and gas have launched a major trade case, asking the US International Trade Commission to stem what they say is a flood of unfairly traded products from nine countries.
If they succeed, the price of some high-margin steel products sold to the energy industry could rise, benefiting domestic producers like United States Steel Corp.
The petition, filed on Tuesday on behalf of US Steel and other companies, asked the commission to investigate imports of some "oil country tubular goods" from India, Philippines, Saudi Arabia, South Korea, Taiwan, Thailand, Turkey, Ukraine and Vietnam.
