Oregon Steel Announces Marketing Agreement

The agreement provides for Maverick Tube to be the exclusive worldwide marketing and sales representative for RMSM seamless pipe products.

This agreement is for a minimum of 48,000 tons per year and commences immediately. The mill has production capabilities of about 150,000 tons a year, depending on product mix, and is expected to produce at an annual rate of 100,000 tons with an emphasis on quench and temper seamless casing products.

Jim Declusin, Oregon Steel Mills' president and CEO, stated, "We are excited about this alliance as it enables us, through an established industry participant, to position our seamless products in the oil country tubular goods markets immediately. We anticipate continued high demand for all of our energy-related products and, assuming that selling prices remain favorable, we expect the energy part of our business to record strong financial performance into the foreseeable future."