MRC turns focus away from OCTG, records loss
Feb 25, 2013 | 12:52 PM
| Thorsten Schier
Tags
MRC Global,
earnings report,
Andrew Lane,
OCTG,
line pipe,
Thorsten Schier
NEW YORK — MRC Global Inc. is moving away from the oil country tubular goods (OCTG) sector, seeing little upside for the market.
"I’m not a very big optimist about the future pricing environment in OCTG. You have relatively flat rig demand, you have a lot of imports still coming to the market, and you have domestic supply coming onstream," chairman, president and chief executive officer Andrew Lane said during the company’s fourth-quarter earnings conference....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here