OCTG import levels won’t change soon: Tenaris

Aug 02, 2013 | 04:07 PM | Thorsten Schier

Tags  Tenaris, quarterly earnings, Paolo Rocca, Germán Curá, OCTG, oil country tubular goods, OCTG imports, OCTG prices Thorsten Schier

NEW YORK — The level of U.S. imports of oil country tubular good is unlikely to change soon despite a recent trade case filed against nine countries, senior executives of Tenaris SA said.

"We continue to see levels of imports above 50 percent. We don’t believe that will change anytime soon," Tenaris’ North American area manager Germán Curá said in an Aug. 2 earnings call.

Inventories also remained at "a very high level" and, as such, the case is expected to have little effect on prices in the third quarter, he said.....





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