CHICAGO The oil country tubular goods (OCTG) market is facing higher prices, with several major domestic producers announcing price increases of $100 per ton.
The price hikes come after a trade complaint was filed by domestic producers in early July against OCTG producers in nine nations.
While some market sources said at the time of the filing that the impact on the market could be delayed, others anticipated an immediate impact, with prices firming up (amm.com, July 2).
The latest to lift prices was Borusan Mannesmann Pipe US Inc., which said in a Sept. 5 letter to customers that it was increasing welded carbon and alloy tubing and casing by $100 per ton. The increase applies to 2⅜- through 13⅜-inch tubing and casing, the Houston-based company said.
Borusan Mannesmann chief executive officer Buddy Brewer declined to comment on the trade complaint.
Three other producersEvraz Inc. North America, Chicago; Boomerang Tube LLC, Chesterfield, Mo.; and the U.S. Steel Tubular Products division of U.S. Steel Corp., Pittsburghalso implemented $100-per-ton increases.
Evraz Inc. NAs Sept. 4 announcement applies to seamless and electric-resistance welded (ERW) carbon and alloy product, as well as welded line pipe, according to a letter to customers.
Boomerang Tubes announcement a day earlier said the increase applied to carbon and alloy welded casing and tubing.
The round of increases appeared to have been kicked off Aug. 30 by the U.S. Steel Tubular Products division, which announced in a letter to customers a $100-per-ton increase on seamless and ERW carbon and alloy casing and tubing.
All of the increases were effective with new orders at the time of the announcement.