News Releases
The following are official press releases from PTC. For media inquiries or more information about these releases, please contact us using the form at the base of this page. NOTE: Releases are listed in chronological order by release date.
Celebrating Manufacturing Day with our future innovators!
MIDDLETOWN, OH – Hosting local students, giving them a behind-the-scenes look at modern manufacturing. It’s inspiring to see their excitement for the industry and the future of technology.
U.S. OCTG Manufacturers Association (USOMA) Applauds Congressional Letter Urging Stronger Measures Against South Korean OCTG Import Quotas:
WASHINGTON, DC – USOMA, representing the majority of the Oil Country Tubular Goods (OCTG) industry, applauds the recent letter sent by Senators Sherrod Brown (D-OH), Robert Casey (D-PA), and John Fetterman (D-PA) to the Biden Administration calling on them to lower the current import quota on OCTG from South Korea in the face of weakened demand. The letter urges the Administration to take swift action to address the current OCTG market outlook and prevent further job losses.
“Lowering this quota is essential for the stability of our industry,” said Luca Zanotti, Chairman of USOMA and the President of Tenaris USA. “The current quota level was put in place when demand was historically high and is no longer serving its purpose. The continued influx of foreign imports at these high rates threatens the livelihoods of American workers and undermines our nation’s critical energy infrastructure. We are grateful to Senator Brown for leading this effort, and Senators Casey (D-PA) and Fetterman (D-PA) for using their voices to stand up for the hard-working Americans supporting the OCTG sector.”
The domestic OCTG industry has long faced challenges from unfairly traded imports, which have resulted in plant closures, job losses, and market distortions. The letter sent to the Biden Administration highlights the need for immediate action to prevent foreign countries from flooding the market with inferior products that undercut American-made OCTG.
USOMA urges the White House to heed Congress’s call and lower the current quota before further harm is done to the domestic industry. “It’s time to stand up for American workers and protect the future of this vital industry,” added Roger Schagrin, Counsel to USOMA. You can view the full letter here.
U.S. Customs Finds Evasion by Thai Exporters of AD/CVD Duties on OCTG From China
WASHINGTON, May 29, 2024 (Newswire.com) – The U.S. OCTG Manufacturers Association (“USOMA”) announces that U.S. Customs and Border Protection agency (“Customs”) has determined that there is a reasonable suspicion of evasion of the antidumping (“AD”) and countervailing (“CVD”) duties on oil country tubular goods (“OCTG”) from China by transshipment of OCTG through Thailand. In particular, on May 23, 2024, Customs found that two (2) Thai companies, Petroleum Equipment (Thailand) Co., Ltd. (“PET”) and Thai Oil Pipe Co., Ltd. (“TOP”), have been transshipping OCTG produced in China to the United States while falsely declaring the merchandise to be of Thai origin. Moreover, Customs found that the following ten (10) U.S. importers were importing Chinese OCTG that had been transshipped through Thailand by PET and TOP:
- Amek Aluminum & Stainless, Inc.;
- Centric Pipe LLC;
- Copley International Group Co Ltd;
- Energy Pipe & Equipment Rentals LLC;
- Kana Energy Services Inc.;
- LE Commodities, LLC;
- Lixin Energy Group (HK) Co.;
- Limited; Longfellow Energy, LP;
- Trek Metals Inc.; and
- TSPGA LLC
Customs initiated this investigation after USOMA filed an allegation pursuant to the Enforce and Protect Act (“EAPA”) that detailed PET’s and TOP’s transshipment schemes.
In accordance with the EAPA statute and regulations, Customs stated that it will implement the following interim measures based on its affirmative preliminary determination:
- Extend liquidation of unliquidated entries that entered before the date of initiation, February 23, 2024;
- Suspend liquidation of unliquidated entries entered on or after the date of initiation, February 23, 2024, and reject any entry summaries and require a re-file for those entries that are within the entry summary reject period;
- Require “live” entry for all imports of certain oil country tubular goods manufactured by Petroleum Equipment (Thailand) Co., Ltd. or Thai Oil Pipe Co., Ltd., requiring the importers to submit proper documentation and all duties prior to release of the merchandise; and
- The AD rate is the “PRC-Wide Entity” rate of 99.14 percent and the CVD rate is the “All Others” rate of 27.08 percent.
“USOMA commends Customs for reaching this preliminary determination of evasion, and we look forward to continuing to work together on this EAPA investigation of Thai exports,” said Luca Zanotti, President of Tenaris USA and Chairman of USOMA. “Measures like this help promote a healthy, competitive U.S. OCTG supply chain to responsibly develop America’s energy resources with reliable, high-quality products, with a lower carbon footprint.”
Customs will issue a more detailed memorandum explaining its initial determination of evasion on May 31, 2024. Following this initial determination, Customs has seven (7) months to continue its investigation and determine appropriate penalties.
“Customs’ strong enforcement of U.S. trade remedy laws allows U.S. domestic producers to continue making investments in American manufacturing and American workers,” said Jacky Massaglia, Senior Vice President of Vallourec North America and the Vice Chairman of USOMA. “Filing this EAPA allegation was the first step that USOMA has taken to combat unfairly traded imports, but it will certainly not be our last.”
Added Roger Schagrin of Schagrin Associates, General Counsel to USOMA, “Customs has demonstrated time and again that it will act to stop Chinese producers and their accomplices from cheating the United States out of AD/CVD, 232, and 301 duties that cost Americans thousands of highly paid jobs. USOMA members have shown their commitment to going the extra mile to work with Customs to enforce our trade laws.”
About USOMA
The U.S. OCTG Manufacturers Association (USOMA) is a Washington, D.C.-based trade association that promotes the interests of U.S. manufacturers of oil country tubular goods (OCTG), a specialized type of steel pipe used in the exploration and production of oil and gas. The current members of the group are Tenaris USA, Vallourec Star LP, Borusan Pipe US, PTC Liberty Tubulars, Welded Tube US, Axis Pipe and Tube, and BENTELER Steel and Tube. These seven (7) companies have twenty (20) facilities in ten (10) states and employ almost 8,000 American workers.
Source: USOMA
U.S. OCTG Manufacturers Association Announced
Six U.S. manufacturers of Oil Country Tubular Goods (OCTG) today announced the formation of a new Washington D.C.-based trade association called the U.S. OCTG Manufacturers Association (USOMA). The six companies are Tenaris in the USA, Vallourec Star LP, Borusan Mannesmann Pipe USA, PTC Liberty Tubulars, Welded Tube US, and Axis Pipe and Tube.
The group elected Luca Zanotti, Tenaris President for the USA, as Chairman of USOMA. “As American energy production is a matter of national security, we must promote and develop reliable, domestic supply chains, such as a world-class U.S. OCTG industry. Foreign producers, many from countries that do not have a local OCTG market, and, consequently, have non-market excess capacity, account for roughly half of the U.S. market. The U.S. industry can replace these imports and create thousands of high-paying jobs in American OCTG plants and in the American steel plants that supply their hot rolled coils, while reducing the carbon footprint,” said Mr. Zanotti.
The six members of the new trade group have 19 facilities in nine states and employ approximately 7,500 American workers. The group estimates it represents about 75% of U.S. OCTG production.
The new trade association appointed veteran Washington trade lawyer Roger Schagrin of Schagrin Associates as its General Counsel. “Our goal is to level the playing field for the U.S. OCTG industry and bring OCTG imports down to market shares aligned with basic steel products. At a time when U.S. trade and climate policy is focusing on decarbonization, it is important that U.S. OCTG manufacturers offer exploration and production companies domestically manufactured, reliable, low-GHG products.”
The new association is looking forward to working with the Administration and the Congress to strengthen American energy and national security by promoting a healthy, domestic OCTG industry.