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 (, Jan. 4), Germany’s Benteler Steel/Tube GmbH (, Nov. 7) and investment firm USA Investment Group LLC (, Jan. 22)—recently announcing new U.S. projects.....

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