OCTG prices hit low, but distributors upbeat

Feb 03, 2014 | 11:40 AM |

Tags  OCTG, oil country tubular goods, price changes, Pipe Logix, Kurt Minnich, seamless tubing, seamless casing, ERW Thorsten Schier

NEW YORK — Oil country tubular goods (OCTG) distributors are more optimistic this year despite prices falling to multiyear lows in January.

"Industry sentiment is improving, registering 55 in January and suggesting a slightly expanding market. In particular, the pricing outlook is higher and inventory and import volumes are decreasing, although....

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