US OCTG ruling may be bad omen, says Goldman Sachs

The US Commerce Department’s preliminary ruling in an oil country tubular goods (OCTG) anti-dumping probe may foreshadow unfavourable rulings in other pending cases, according to Goldman Sachs.

“Of all the trade cases filed in the US, OCTG seemed to have the strongest argument, in our view, as almost 60% of market share is controlled by imports,” analysts wrote in a note. “We believe this unfavourable ruling does not bode well for other trade cases, especially against rebar imports, as...


February 21, 2014

12:15 GMT

New York