24
Nov
20:04
Buyers scramble for OCTG in US market
With supply constraints and high demand bolstering energy tubulars pricing, buyers are rushing to find OCTG in the US market.
Importers are scrambling to book cargo for prompt shipment, as OCTG is accumulating on the docks at international shipping locations, Kallanish hears from market sources.
“Because demand is high, the ocean freight companies are jacking up rates for an early port call,” says a Gulf Coast buyer.
Price increases of $150/short ton…
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Anonymous
Very good overview of the weekly steel market.
Anonymous