Imports eroded OCTG margins: executive

Aug 15, 2013 | 03:46 PM | Thorsten Schier

Tags  Northwest Pipe Co., steel pipe and tube, oil country tubular gioods, OCTG, Scott Montross, steel pipe imports, price margins, Borusan Mannesmann Boru Sanayi ve Ticaret AS Baytown

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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