Tubulars on edge as trade case verdicts loom

Jun 24, 2014 | 03:52 PM | Thorsten Schier

Tags  oil country tubular goods, OCTG, anti-dumping, countervailing, Interpipe Group, suspension agreement, Commerce Department, International Trade Administration ITA

NEW YORK — The domestic energy tubular market remains on edge as final decisions in a historic anti-dumping case on oil country tubular goods (OCTG) are due in coming weeks.

"Right now, everybody’s sitting and waiting," one trader said.

Rumors are swirling that final margins for some large players in the case could change from the preliminary rulings, although the extent was under much debate. "Who the hell really knows," the trader said.

Meanwhile, tightness in the tubing market was said to be ongoing and pricing firm due to the imposition of preliminary duties on some countries (amm.com, June 10), while other products were seen to be holding steady until the decisions are made.....

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