Lawmakers urge Tai, Raimondo to cut quota for Korean steel oil pipe

Three Democratic senators are pressing the Biden administration to reduce a quota for oil tube steel goods from South Korea, warning that reduced demand and high import volumes are leading to job losses in Ohio, Pennsylvania and elsewhere. In an Aug. 29 letter to U.S. Trade Representative Katherine Tai and Commerce Secretary Gina Raimondo, Sens. Sherrod Brown (OH), Bob Casey (PA) and John Fetterman (PA) say demand for oil country tubular goods (OCTG), pipes used in oil and gas production,...