WSP plans to sell US OCTG operations

Oct 02, 2012 | 01:50 PM | Michael Cowden

Tags  WSP, Houston OCTG Group, Southern Tube LLC, Nippon Steel & Sumitomo Metal Corp., divestiture, China, U.S., Houston OCTG

CHICAGO — WSP Holdings Ltd. plans to sell its U.S. oil country tubular goods (OCTG) business for $43 million to Southern Tube LLC, an affiliate of Tokyo’s Nippon Steel & Sumitomo Metal Corp.

The deal includes all of WSP subsidiary Houston OCTG Group Inc., a U.S. spokesman for the Wuxi, China-based energy tubulars producer confirmed to AMM Tuesday.....

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