OCTG market could get crowded: execs

Mar 06, 2014 | 05:42 PM | Thorsten Schier

Tags  steel, Buddy Brewer, Joel Johnson, OMK Tube, United Metallurgical, OMK, Borusan Mannesmann Pipe US, Borusan Mannesmann Boru Sanayi ve Ticaret oil country tubular goods

NEW YORK — The U.S. oil country tubular goods (OCTG) market could become crowded if all planned expansion projects come online and anti-dumping duties on imports from nine countries change little in the Commerce Department’s final determination in July, mill executives said at AMM’s seventh annual Steel Tube and Pipe Conference in Houston.

"If the existing domestic players are still producing what they were producing in 2013 and the duties only affect 24 percent of imports, or 300,000 tons, by ... the third quarter of this year the new entrants are going to be taking over that 300,000 tons quite easily," said Joel Johnson, president and chief executive officer of OMK Tube Inc., the Houston-based domestic division of Moscow-based pipe producer United Metallurgical Co. (OMK). "After that, the production that’s coming onboard, I don’t see demand coming up to take up that....

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