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    ITC Final Decision Due on OCTG

    Written by Peter Brebach


    The following article was written by SMU contributing writer, Peter Brebach. Peter is the owner of Iron Angels of Colorado which is a company that deals with foreign steel and specifically with pipe and tube. SMU understands that the final vote by the ITC which was originally scheduled for today (14th) has been moved to August 22nd. This means the public will most likely not see the ruling until Monday, August 25th.

    With the final determination by the International Trade Commission (ITC) on the dumping/countervailing cases on OCTG (oil country tubular goods) schedule to be released in the near future, I have been asked to explain the purpose and the responsibilities of this US Government agency, along with those of the Department of Commerce (DoC).

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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.