Reliance cautious on commodity tubulars

Feb 20, 2014 | 04:08 PM | Michael Cowden

Tags  metals, Reliance Steel & Aluminum, service enter, energy tubulars market, commodity tubulars, OCTG, oil country tubular goods, line pipe DAvid Hannah

CHICAGO — Reliance Steel & Aluminum Co. continues to seek opportunities for growth in the energy sector—but not in commodity oil country tubular goods (OCTG) and line pipe, company executives said.

"We have looked at some opportunities in the OCTG and line pipe end of things, but we have stayed away for a couple of years," Reliance chairman and chief executive officer David H. Hannah said in a conference call with analysts Feb. 20.....

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