Excess OCTG keeps prices low: Russel
Aug 08, 2013 | 06:01 PM
| Corinna Petry
CHICAGO Excess inventory of oil country tubular goods (OCTG), caused in part by flooding that delayed drilling projects in western Canada this spring, will prevent the recent run-up in carbon flat-rolled steel prices from moving to pipe and tube products in the near term.
OCTG "remains very competitive (on price) because there is a lot of product out there," Brian R. Hedges, president and chief executive officer of service center operator and oilfield products supplier Russel Metals Inc., said during an Aug. 8 earnings call.....
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.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.