Senators Push to Cut Import Quota on South Korean Oil and Gas Pipes to Protect US Jobs

Three Democratic senators urge the Biden administration to reduce import quotas on South Korean oil and gas drilling pipes. The request aims to protect jobs and companies in Ohio and Pennsylvania. The current quota has led to layoffs and reduced demand in the U.S. market for these products.

Three Democratic U.S. senators have called on the Biden administration to reduce the import quota on oil and gas drilling pipes from South Korea, citing its negative impact on companies in Ohio and Pennsylvania.

Senators Sherrod Brown of Ohio, Bob Casey, and John Fetterman of Pennsylvania stated that reduced demand and quotas have resulted in significant layoffs by companies such as Tenaris and Vallourec. Tenaris USA President Luca Zanotti endorsed the move, emphasizing the necessity to protect American jobs and maintain a competitive landscape within the domestic oil country tubular goods (OCTG) industry.

The American Iron and Steel Institute also supported lowering the quota, arguing it would align with the current lower demand and secure America's national and economic interests. In 2018, the U.S. imposed tariffs on various steel and aluminum imports, including OCTG, but allowed exemptions for allies like South Korea. The senators have formally requested action from U.S. Trade Representative Katherine Tai and Commerce Secretary Gina Raimondo to prevent further job losses.

(With inputs from agencies.)