US buy-side energy tube players say the market is showing signs of life, but it is too early to plot a true comeback, Kallanish reports.

One oil country tubular goods buyer says that the market is “... clearly strengthening,” but pricing is stagnant. Kallanish currently has P110 domestic welded casing at $860-880/short ton.

“Demand is moving and improving on the oil and gas outlook,” he says. “But I do not expect pricing to move much or at all for a while.”

A line pipe buyer agrees that demand is picking up, but pricing will not budge.

“It’s a little better overall, but it still isn’t robust,” he says.