OCTG market quiet ahead of trade case ruling
Jan 28, 2014 | 02:07 PM
| 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.
"Its actually kind of quiet. With this dumping case, a lot of people stocked up on pipe, so theres not a lot of procurement activity at this point," one trader said.
The U.S. Commerce Departments Feb. 13 findingswhich will indicate what duties, if any, will be placed on imports from the nine countries going forwardwill 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.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.