Added capacity, rising imports worry OCTG mart

Feb 01, 2013 | 02:07 PM | Thorsten Schier

Tags  OCTG, pipe and tube, Borusan Mannesmann, Benteler Steel, USA Investment Group, AMM conference, drill rigs, oil gas

NEW YORK — Looming overcapacity, the timing of a possible trade complaint against South Korea and a comparatively low rig count are on the minds of oil country tubular goods (OCTG) market participants in the run-up to AMM’s sixth annual Steel Tube and Pipe Conference in Houston.

Sources estimate that between 2 million and 3 million tons of annual welded and seamless OCTG capacity is set to be added to the market in the coming years, with a host of companies—including Turkish producer Borusan Mannesmann (amm.com, Jan. 4), Germany’s Benteler Steel/Tube GmbH (amm.com, Nov. 7) and investment firm USA Investment Group LLC (amm.com, Jan. 22)—recently announcing new U.S. projects.....





Latest Pricing Trends

Poll

Is severe weather affecting your business?

Yes
No


View previous results