OCTG market quiet ahead of trade case ruling

Jan 28, 2014 | 02:07 PM | Thorsten Schier

Tags  pipe and tube, anti-dumping case, OCTG, oil country tubular goods, HSS, hollow structural sections, Thorsten Schier

NEW YORK — The oil country tubular goods (OCTG) market is said to be on hold in anticipation of preliminary rulings expected in mid-February in an anti-dumping case against nine countries.

"It’s actually kind of quiet. With this dumping case, a lot of people stocked up on pipe, so there’s not a lot of procurement activity at this point," one trader said.

The U.S. Commerce Department’s Feb. 13 findings—which will indicate what duties, if any, will be placed on imports from the nine countries going forward—will be significant for a number of pipe and tube markets, including OCTG, line pipe and standard pipe, due to the possibility of foreign producers switching between those products, sources said.....

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