30
Aug
18:20
Fear, uncertainty paralyse US OCTG market
Fear and uncertainty are currently ruling the US oil country tubular goods market, Kallanish hears from market sources.
Kallanish held its representative P110 domestic welded casing price Friday at $1,175-1,200/short ton, where it has remained mired for several weeks.
Despite efforts by domestic mills to raise prices, underlying weakness in the sector is exacerbating existing inventory woes, says one Gulf Coast trader.
“It was a sloppy week,” h…
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Anonymous
Very good overview of the weekly steel market.
Anonymous