OCTG import prices set to rise

Aug 25, 2014 | 06:34 PM | Thorsten Schier

Tags  oil country tubular goods, OCTG, South Korea, Thorsten Schier

NEW YORK — The United States likely will see prices for imported oil country tubular goods (OCTG) log further gains following the imposition of anti-dumping and countervailing duties on shipments from six countries, including South Korea, with rumors persisting that the latter is eyeing U.S. capacity builds.

"The market’s still trying to figure out where the alternatives are to the Koreans, so prices will likely stay firm into the first or second quarter," said one trader, who pegged prices for imported J55 casing from Korea at more than $1,000 per ton, above AMM’s July assessment of $980 for imported J55 casing, while Korean OCTG tubing is "north of $1,100 per ton."....

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