Line pipe mart split on impact of OCTG ruling
Jul 15, 2014 | 05:27 PM
| Thorsten Schier
NEW YORK Line pipe industry players are split on what impact duties imposed on imports of oil country tubular goods (OCTG) from nine countries will have on the market, with some sources arguing that a shift away from OCTG to line pipe by South Korean producers is imminent and others saying the duties are not high enough to deter them from what is still a lucrative market.
"(The OCTG decision) is not going to make any difference," said one southern distributor, adding that it will lead to higher OCTG prices and continuing Korean OCTG shipments to the United States. "The whole field just went up 10 to 12 percent."....
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