OCTG prices continue to slide in cautious mart

Jan 31, 2013 | 02:51 PM | Thorsten Schier

Tags  OCTG, oil country tubular goods, Pipe Logix, seamless, welded, drill rig count, Baker Highes, Thorsten Schier

NEW YORK — Prices for oil country tubular goods (OCTG) have continued their slow decline in a well-supplied market that has seen only cautious buying so far this year, market sources told AMM.

"Across the board, the industry is suffering from lack of demand and also fear of buying something, because if I buy today maybe I could have bought it cheaper in two or three weeks’ time," one trader said. "People are pushing the risk as far away from them as they can." ....

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