The dam that had been blocking some imported steel products may not have been broken with a trade case finding against China, but enough cracks have developed that some U.S. steel traders are now speaking in more optimistic terms about the future, at least more cautiously optimistic.
It’s been exactly 11 days since the U.S. Department of Commerce issued a preliminary decision to impose tariffs on Chinese companies that ship oil country tubular goods (OCTG) into the country. And the impact of that finding on the fortunes of the domestic OCTG sector is still being argued
As Perspectives: Steel Tube & Pipe gets older (we just celebrated our first birthday, for anyone who’s counting), we tend to find ourselves reminiscing about how things were in the good old days. You remember—when credit was flowing, the rig count was rising and buyers couldn’t get enough of all that (duty-free) Chinese OCTG.
A new tubular-related manufacturing business will be setting up business in Magnolia, Texas, which will eventually also become home to the Houston-based threaded products division of L.B. Foster Co., Pittsburgh.
“Preliminary and subject to change” are the words Northwest Pipe Co. used in a news release issued Nov. 12 to describe its financial results for the third-quarter ended Sept. 30, 2009.
