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.
chief executive officer Buddy Brewer declined to comment on the
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
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