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Examples

  • Decreased octg sales in 1999 were due to declining end-user demand and drawdowns of purchased inventories by distributors and drillers, he adds.

    Purchasing - Top Stories

  • Upshot: The drill rig count has been averaging 950/month since November, and demand for octg products has risen.

    Purchasing - Top Stories

  • "I still see tremendous demand for welded octg products," says Rene Robichaud, president of NS Group Inc.,

    Purchasing - Top Stories

  • Oil country tubular goods (octg) refers to a group of carbon and alloy steel products -- electric-resistance welded and seamless tubing piping and casing -- that have a single market.

    Purchasing - Top Stories

  • These tubulars are used in oil and natural gas wells. octg consist of drill pipe, production casing, surface casing and production tubing.

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  • The consensus forecast puts octg use back at 1.85 million tons this year.

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  • Line pipe markets are dependent not only on factors that influence the octg market, but also on the level of pipe line construction activity, line pipe replacement requirements, new residential construction and utility purchasing programs.

    Purchasing - Top Stories

  • In 1997-1998, octg imports rose to 25% of supply, inventory drawdowns handled 15%, distributors supplied 30%, and domestic mill shipments nose-dived to 30%.

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  • Atop that, U.S. mills already have had some success in raising octg prices since the market started to turn around.

    Purchasing - Top Stories

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