Adam Hughes

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Section 232 Steel & Aluminum Import Tariffs and Their Effect on Upstream Oil & Gas

By now, we’re all aware of the Section 232 investigation into steel and aluminum imports. In the weeks and months leading up to the January release of the report and President Trump’s response, there was a sense of muted concern among those in the industry. While some were preparing for the worst, the overwhelming majority we spoke to, frankly, seemed skeptical that the size and scope of the ramifications would be all that impactful.

 Now that the dust has settled and we’re a few months removed from the release of the report, we want to:

  • Look back at some of the pre-report concerns and what action people did or didn’t take
  • Understand what’s happened to oil country tubular goods (OCTG) pricing since the release of the report
  • Outline the general consensus regarding prices for the remainder of the year and what the go-forward strategy is
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