OCTG sentiment improves as prices rise in May

May 29, 2014 | 02:33 PM | Thorsten Schier

Tags  Pipe Logix, oil country tubular goods, OCTG, Kurt Minnich, electric-resistance welded pipe, ERW, OCTG prices, Thorsten Schier

NEW YORK — Oil country tubular goods (OCTG) prices jumped to a seven-month high in May, boosting market sentiment in the process.

"The distributor’s sentiment index is 58 in May, indicating a slightly expanding marketplace. While imports continue to weigh on the market, all other aspects ... are improving," Kurt Minnich, manager of Tulsa, Okla.-based Pipe Logix LLC, said in a statement.....

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