Vallourec sees OCTG ruling lifting prices

Jul 31, 2014 | 08:42 AM | Thorsten Schier

Tags  Vallourec, quarterly earnings, Philippe Crouzet, oil country tubular goods, OCTG, OCTG prices, OCTG trade case, Thorsten Schier

NEW YORK — Vallourec SA expects its second-half oil country tubular goods (OCTG) prices to be buoyed by the United States’ recent anti-dumping ruling against product from South Korea and other countries.

"Vallourec was one of the petitioners, so we definitely think that it’s good news to be closer to what we consider fair trade," chairman Philippe Crouzet said during a July 30 earnings call in response to an analyst’s question about whether the decisions had in the end been a "nonevent."....

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