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    February 20, 2014

    OCTG Trade Case – The Big Picture

    Written by Paul Lowrey

    The following article was written by steel industry consultant and contributor to Steel Market Update, Paul Lowrey. Mr. Lowrey owns a consulting company called Steel Research Associated, LLC which works with steel mills and large distributors or manufacturing companies involved with steel and steel products. More information about Mr. Lowrey can be found in the About Us section of our website.

    There is a lot of buzz about the unfavorable preliminary ruling in the OCTG trade case.  By now, you have seen the individual country import volumes and preliminary duties, so I am not going to repeat them here.  Instead, I am going to describe the big picture because the issues are more significant than some of you may think.

    Paul Lowrey

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    Mills seek more scrap after lower prices fail to attract tons

    Several mills that bought October scrap early last week are still asking for additional supplies, scrap market participants said. The reason: the mills' initial prices did not attract enough of the raw material, they said. A trading source based in northern Ohio said three mills have contacted his firm seeking offers for additional tons. He said the mills asked for offers even if prices were higher than their original buys last week.