Canada's TRQ System Reshapes Oil Country Tubular Goods Market

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Recent months have underscored how Canada’s implementation of its tariff rate quota (TRQ) system is reshaping the market for oil country tubular goods (OCTG) and linepipe. The system, rolled out this summer, is already influencing procurement strategies as companies adapt to tighter import channels and higher costs. Rystad Energy expects mild upward pressure on Canadian OCTG and linepipe prices in the medium term as demand from pipeline projects grows and competition for limited import quotas intensifies. The TRQ system took effect in two…