OCTG market could get crowded: execs
Mar 06, 2014 | 05:42 PM
| Thorsten Schier
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 Departments final determination in July, mill executives said at AMMs 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 thats coming onboard, I dont see demand coming up to take up that....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.