OCTG ruling may be a bad omen: Goldman
Feb 20, 2014 | 02:44 PM
| Thorsten Schier
NEW YORK The U.S. Commerce Departments preliminary ruling in an oil country tubular goods (OCTG) anti-dumping investigation may foreshadow unfavorable rulings in other pending trade cases, according to Goldman Sachs Group Inc.
"Of all the trade cases filed in the United States, OCTG seemed to have the strongest argument in our view as almost 60 percent of market share is controlled by imports," analysts wrote in a note. "We believe this unfavorable ruling does not bode well for other trade cases, especially against rebar imports as....
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