Tenaris confident of favorable final OCTG ruling

Feb 21, 2014 | 11:55 AM | Thorsten Schier

Tags  Tenaris, Germán Curá, Paolo Rocca, earnings report, OCTG, oil country tubular goods, anti-dumping, Thorsten Schier

NEW YORK — Tenaris SA remains confident that domestic oil country tubular goods (OCTG) producers will get a more-favorable anti-dumping ruling on imports from South Korea when the Commerce Department’s International Trade Administration (ITA) makes its final decision in early July.

"The department made clear that they didn’t take into full consideration some relevant aspects and some data that they will take into consideration for the final determination," Tenaris chairman and chief executive officer Paolo Rocca said during a conference call to discuss the Luxembourg-based pipe and tube maker’s fourth-quarterfinancial results. This has made Tenaris "very confident" of a more-favorable final ruling, he added.....

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