Moody’s expects improved OCTG, line pipe tags in ’14

Dec 24, 2013 | 09:20 AM | Thorsten Schier

Tags  Moody's Investors Service, oil country tubular goods, OCTG, trade case, line pipe, Edgen Group, MRC Global, McJunkin Red Man 2014 price outlook

NEW YORK — Moody’s Investors Service Inc. expects a pickup in oil country tubular goods (OCTG) and line pipe prices to stabilize energy distributors’ fortunes next year.

The New York ratings agency sees positives from a recently filed trade case against OCTG from nine countries after prices have come under "severe" pressure due to reduced drilling and elevated imports since 2012.....

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