Senators want Biden to lower South Korean import quota for piping products

WASHINGTON (Reuters) - Three Democratic U.S. senators on Friday urged the Biden administration to reduce the current import quota set on oil and gas drilling pipes from South Korea, saying it has impacted companies with operations in Ohio and Pennsylvania.

The senators -- Sherrod Brown of Ohio and Bob Casey and John Fetterman of Pennsylvania noted the market for products known as Oil Country Tubular Goods, used for drilling, extraction and transport of oil and natural gas has declined and resulted in layoffs by companies with U.S. operations. The reduced demand and quota has impacted companies like Tenaris, which has operations in Ohio and Pennsylvania, the senators said.

Source: Investing.com