OCTG Decision: A Trader’s Perspective

The following article was written by Peter Brebach who is the owner of Iron Angels of Colorado a company which specializes in imports of pipe and tube and other steel products. You can find more information on Mr. Brebach on our website in the About Us section.

Everybody I talked to was surprised by the preliminary dumping margins (or lack thereof) announced by the US Department of Commerce in the trade case on Oil Country Tubular Goods against nine countries.  Everybody except the Koreans that is! Some of the Koreans had stated very clearly, and very early, that they had nothing to fear and expected to walk away with very small, manageable margins or no margin at all. And they put their money where their mouths were  –  they continued selling and shipping like nothing had happened.