TMK expects OCTG prices to hold firm

Mar 13, 2014 | 10:55 AM | Thorsten Schier

Tags  TMK Ipsco, OAO TMK, oil country tubular goods, OCTG, earnings report, anti-dumping, Thorsten Schier

NEW YORK — OAO TMK does not foresee an improvement in oil country tubular goods (OCTG) pricing this year, given the preliminary decision in a U.S. anti-dumping trade case against nine countries, but expects demand to increase due mainly to higher consumption of oil and gas pipe grades.

The Commerce Department’s International Trade Administration (ITA) last month did not impose anti-dumping duties on OCTG from South Korea, although it did apply margins ranging as high as 118.32 percent on imports from India, the Philippines, Saudi Arabia, Taiwan, Thailand, Turkey, Ukraine and Vietnam (amm.com, Feb. 18).....





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