OCTG, line pipe imports dive in February

Mar 28, 2013 | 03:43 PM | Thorsten Schier

Tags  OCTG, line pipe, Korea, Census, February, Vietnam, Thorsten Schier

NEW YORK — Imports of oil country tubular goods (OCTG) and line pipe fell sharply in February compared with the previous month, although sources say the drop was not enough to keep up with tepid market activity.

OCTG imports totaled 176,299 tonnes in February, 34.4 percent lower than January’s 268,593 tonnes and the second-lowest level recorded in the past 13 months, according to preliminary data released by the U.S. Census Bureau.

"I’m not shocked at all (that imports dropped). I thought they should have dropped a long time ago. Sales are terrible," one trader said.....

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