Arizona Tribune - USOMA Commends President Trump on his America First Trade Policy

USOMA fully supports the President's prioritization of addressing the unfair trade practices that American producers face. Together, we look forward to collaborating with the Trump Administration and Congress to create a more favorable environment for American workers and businesses alike, ensuring a prosperous future for all.

Our members support the enforcement of existing trade laws and seek to collaborate with the new administration on exploring additional tools to combat unfairly traded imports that remain a threat to the American OCTG market. The U.S. OCTG market is the largest in the world, and nearly half of the market is supplied by imports, including OCTG manufactured in China that are then transshipped into the U.S. through countries such as Thailand.

One challenge currently facing the domestic OCTG industry is the flood of imports from South Korea, which has zero home market and exports nearly all of its OCTG production to the United States. The South Korean steel industry also benefits from Chinese over-capacity and government intervention, resulting in lower input costs and distorting their prices for U.S. consumers. USOMA is eager to work with the incoming Trump administration to address this issue and find a solution to the South Korean OCTG import dilemma.

Additionally, the Association supports the President's policy to unleash American energy dominance by expanding oil and natural gas drilling operations nationwide. These actions will ensure that American energy will be the principal energy resource of the world. The domestic OCTG industry, which has invested over $5 billion into production over the past decade, has the additional capacity needed to support growing world-wide energy demands and looks forward to the day when American producers are allowed to compete on a level playing field with their foreign competitors.

Contact:

U.S. OCTG Manufacturers Association
https://www.usoma.us/en

Roberto De Hoyos
rdehoyos@tenaris.com

Roger Schagrin
rschagrin@schagrinassociates.com

SOURCE: U.S. OCTG Manufacturers Association

View the original press release on ACCESS Newswire

W.Stewart--AT