11
Feb
17:54
MRC pulls out of the US OCTG market
US energy tubular distribution giant MRC Global Inc is divesting its US oil country tubular goods assets, Kallanish learns from a company release.
The company’s US OCTG business will be sold to Marubeni-Itochu Tubulars America subsidiary Sooner Pipe for $48 million. MRC’s US OCTG sales topped $305m last year, Kallanish notes. The transaction will close by the end of the first quarter.
MRC, which bills itself as the largest global distributor of en…
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Anonymous
Very good overview of the weekly steel market.
Anonymous