OCTG sentiment, prices perk up in June

Jun 26, 2014 | 01:18 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 climbed for a second consecutive month in June, hitting an eight-month high and further buoying market sentiment.

"The OCTG distributor’s index is 61 in June, up from 47 in February and suggesting a market expansion is under way," Kurt Minnich, manager of Tulsa, Okla.-based Pipe Logix LLC, said in a statement.....

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