25
Jul
21:54
OCTG prices drop after holding for three weeks
US prices of OCTG-representative product P110 5.5-inch casing have decreased as a result of a consistently slow market.
P110 5.5-inch casing decreased to $1,600-1,700/short ton, down from its three-week long price run of $1,600-1,750/st, Kallanish reports.
One Texas-based distribution source in the OCTG market confirms prices dropped last week.
Asked whether supply and demand remain in balance, a P110 5.5-inch consumer says: "The market has ample supply.&qu…
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Anonymous
Very good overview of the weekly steel market.
Anonymous