Imports eroded OCTG margins: executive
Aug 15, 2013 | 03:46 PM
| Thorsten Schier
NEW YORK Northwest Pipe Co.s margins in welded oil country tubular goods (OCTG) have been crimped by imports, but the company is not relying on the results of a recently filed trade case to ensure its viability, according to its top executive.
OCTG and line pipe prices have fallen by $230 to $250 per ton since the beginning of 2012, while hot-rolled coil, the substrate for the material, has dropped by only $85 per ton, president and chief executive officer Scott Montross told attendees Aug. 14 at Jefferies & Co. Inc.s....
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