Evraz sees trade cases lifting OCTG
Aug 27, 2014 | 06:38 PM
| Michael Cowden
CHICAGO Russian steelmaker Evraz Plc expects to see stronger oil country tubular goods (OCTG) prices in North America thanks to trade petitions filed in the United States and Canada, a company executive said.
A final determination in a U.S. OCTG trade case in favor of domestic producers is already translating into higher prices, Evraz senior vice president and head of international business Pavel Tatyanin said during a conference call with analysts Aug. 27.
"OCTGclearly in the United Statespricing is improving, with more impact to be seen in the fourth quarter," he said.
OCTG prices in Canada also should see gains if producers there prevail in a separate trade petition, Tatyanin said. "We believe that if the decision (in Canada) is somewhat similar, that it would have a positive impact on pricing," he added.....
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