Abstract: Described in the paper is the general production situations of the oil and natural gas industry and the OCTG-making industry.An analytical comparison between domestic OCTG industry and French Vallourec S.A.,one of the leading OCTG makers in the world is made,and the characteristics of the current world OCTG-making industry is summarized.Suggestions for further development of the domestic OCTG-making industry are put forward,including focusing efforts on developing non-API high-end OCTG products,closely following both the domestic and the North American consumer markets of such products,and enhancing technical service force,changing the concept of expanding production scale via newly-built plants,keeping efforts in technical innovation,taking the development orientation of competitive products plus quality services,and continuously heightening company soft power,etc.