OCTG market rallies as trade case ruling nears

May 20, 2014 | 05:22 PM | Thorsten Schier

Tags  oil country tubular goods, OCTG, Metal Service Center Institute, MSCI, pipe shipments, energy tubulars, OCTG imports, Thorsten Schier

NEW YORK — Energy tubular demand and prices are firming up, sources said, attributing the strengthening to uncertainty surrounding the outcome of a pending trade case against nine countries shipping oil country tubular goods (OCTG) to the United States.

"There’s so much uncertainty that the market’s definitely up. Mills have been able to play off that and raise their prices," one trader said.

Market players with material on the ground are gaining the advantage due to an unwillingness to commit to offshore orders that have longer lead times as a result of the case, sources told AMM.....

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