OCTG anti-dumping case said boosting prices

Jun 10, 2014 | 04:53 PM | Thorsten Schier

Tags  oil country tubular goods, OCTG, tubing, casing, price spreads, Philippines, South Korea, dumping duties trade case

NEW YORK — The price differential between oil country tubular goods (OCTG) tubing and casing is climbing as competitively priced imports have dwindled due to preliminary dumping duties levied in an ongoing trade case, market sources told AMM.

"I’m seeing some things that are different out there. The differential between tubing and casing is climbing to more historic levels," one trader said.

The price differential for tubing had narrowed to as low as $20 per ton above casing prices prior to the preliminary decisions, but now stands at roughly $50 to $60 per ton, he said, adding that the spread has been as high as $100 per ton in the past.....

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