Tenaris aims to grab volume if OCTG case pans out: exec

Nov 08, 2013 | 01:03 PM | Thorsten Schier

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

NEW YORK — Tenaris SA hopes to increase its market share if a U.S. trade case filed against importers of oil country tubular goods (OCTG) goes in favor of the domestic industry.

"Naturally, we are looking at a case which is give or take accounting (for) about 25 percent of the size of the apparent demand. So it is a substantial quantity, and when and if the case was to go the industry’s way, it is our expectation to ... perhaps capture an important piece of that," Tenaris’ North American-area manager Germán Curá said during a Nov. 7 conference call on the company’s third-quarter earnings results.....

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