OCTG market still tepid despite import drop

May 28, 2013 | 11:41 AM | Thorsten Schier

Tags  OCTG, oil country tubular goods, line pipe, pipe imports, Thorsten Schier

NEW YORK — A decline in U.S. imports of oil country tubular goods (OCTG) in April has done little to bolster a slow domestic market as demand remains tepid compared with a year ago.

"The market unfortunately isn’t turning around and imports keep coming in," one trader said.

OCTG imports totaled 234,891 tonnes last month, down 13.6 percent from 271,926 tonnes in April last year, according to preliminary data from the U.S. Commerce Department’s Import Administration division.....

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