OCTG imports to slow in 4th quarter: TMK

Aug 28, 2013 | 03:56 PM | Thorsten Schier

Tags  OAO TMK, TMK Ipsco, Scott Barnes, Piotr Galitzine, steel pipe, steel tube, OCTG, OCTG prices OCTG imports

NEW YORK — TMK Ipsco, the North American subsidiary of Russian pipe and tube maker OAO TMK, expects some importers to rein in shipments toward year-end from nine countries targeted in a recent anti-dumping case on oil country tubular goods (OCTG).

"We’ll see a behavior change coming later in the year, towards the fourth quarter, as those countries who manage their own imports through trading companies will continue to probably bring product. But those importers of record who are privately owned companies (and are) taking the risk of any bonds or duties that need to be posted will likely begin to withdraw," senior vice president and chief commercial officer Scott Barnes said during TMK’s second-quarter conference call.....

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