22
Jul
21:18
Energy pipe pricing still bounces near bottom
US energy pipe prices continue to suffer due to weak demand, Kallanish hears from market sources.
Kallanish held its P110 oil country tubular goods price at $880-900/short ton, ex-works domestic mill.
One OCTG trader, however, says import material is undercutting domestic material by a significant margin, and it may only be a matter of time before domestic prices trend down again.
“I have some P110 import I’ll sell for $700/st,” he says. …
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Anonymous
Very good overview of the weekly steel market.
Anonymous