A method of determining properties of a tubing string of one or more tubing strings in a subterranean formation, comprising: obtaining a plurality of measurements using a device positioned in the tubing string at a particular location, wherein the plurality of measurements correspond to either a plurality of transmitter signal frequencies or a plurality of measurement time slots measured by at least one receiver, wherein a thickness and a diameter of the tubing string at the particular location are known; determining a plurality of calibration coefficients based on the plurality of measurements, the known thickness, and the known diameter, wherein determining the plurality of calibration coefficients comprises: assigning calibration coefficients of an equal magnitude to measurements corresponding to the two lowest frequencies of the plurality of transmitter signal frequencies; or assigning calibration coefficients of an equal value to measurements corresponding to the two latest slots of the plurality of measurement time slots, and obtaining a plurality of second measurements using the device positioned in the tubing string at a second location different from the particular location; and estimating a thickness and a diameter of the tubing string at the second location based on the plurality of calibration coefficients and the obtained plurality of second measurements, wherein the device comprises an electromagnetic induction tool transmitting transient pulses and including at least one transmitter coil and at least one receiver coil. obtaining a plurality of measurements using a device positioned in the tubing string at a particular location, wherein the plurality of measurements correspond to either a plurality of transmitter signal frequencies or a plurality of measurement time slots measured by at least one receiver, wherein a thickness and a diameter of the tubing string at the particular location are known; determining a plurality of calibration coefficients based on the plurality of measurements, the known thickness, and the known diameter, wherein determining the plurality of calibration coefficients comprises: assigning calibration coefficients of an equal magnitude to measurements corresponding to the two lowest frequencies of the plurality of transmitter signal frequencies; or assigning calibration coefficients of an equal value to measurements corresponding to the two latest slots of the plurality of measurement time slots, and obtaining a plurality of second measurements using the device positioned in the tubing string at a second location different from the particular location; and estimating a thickness and a diameter of the tubing string at the second location based on the plurality of calibration coefficients and the obtained plurality of second measurements, wherein determining the plurality of calibration coefficients comprises: assigning calibration coefficients of an equal magnitude to measurements corresponding to the two lowest frequencies of the plurality of transmitter signal frequencies; or assigning calibration coefficients of an equal value to measurements corresponding to the two latest slots of the plurality of measurement time slots, and assigning calibration coefficients of an equal magnitude to measurements corresponding to the two lowest frequencies of the plurality of transmitter signal frequencies; or assigning calibration coefficients of an equal value to measurements corresponding to the two latest slots of the plurality of measurement time slots, and obtaining a plurality of second measurements using the device positioned in the tubing string at a second location different from the particular location; and estimating a thickness and a diameter of the tubing string at the second location based on the plurality of calibration coefficients and the obtained plurality of second measurements, wherein the device comprises an electromagnetic induction tool transmitting transient pulses and including at least one transmitter coil and at least one receiver coil.