Maverick Tube to Sell RMSM Premium OCTG Products

Maverick Tube entered into a marketing agreement with Rocky Mountain Steel Mills (RMSM), a division of Oregon Steel Mills, whereby Maverick will have the exclusive worldwide right to market and sell RMSM premium seamless OCTG products. This agreement is for a minimum of 48,000 tons per year and commences immediately.

"We are very excited about adding premium seamless OCTG products to our portfolio," said Jeff Shorter, Maverick's Vice President and General Manager. "As our alloy expansion nears completion, this was the next logical step to continue to improve our access to the deeper wells our customers are drilling in all parts of the world. We expect that this arrangement will help improve the alloy component of our 2006 U.S. OCTG revenues to between 60% and 70%."