Evraz sees trade cases lifting OCTG

Aug 27, 2014 | 06:38 PM | Michael Cowden

Tags  Evraz, Alexander Frolov, Pavel Tatyanin, North American operations, oil country tubular goods, OCTG, trade petition, Commerce Department steel prices

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.

"OCTG—clearly in the United States—pricing 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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