OCTG Decision "No Slam Dunk..."

The following article comes from one of our contributing writers, Peter Brebach. Peter is an active trader who deals in the pipe and tube markets and understands the impact of the US Department of Commerce final determination on oil country tubular goods (OCTG). Here is what Peter has to say:

The just published final determinations gave US domestic producers most of what they were hoping for and what they paid for. To be clear, this is no slam dunk, as enough mills or countries were given margins that are low enough to make future business feasible, especially if market prices in the US were to go up. In general, the results are a bit confusing, especially when compared to the preliminary numbers, so allow me to attempt to analyze them.