12
Jul
17:16
Firming sheet market supports US OCTG prices
US skelp prices appear to be reaching a floor, which should provide some stability to the threatened oil country tubular goods market, Kallanish hears from market sources.
A price push of $40/short ton on sheet base prices appears to be slowing the erosion in that arena, which is slowly but surely trickling down to downstream tube producers, says one Gulf Coast source.
“It looks like hot-rolled coil is tagging bottom,” he says. “Which i…
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Anonymous
Very good overview of the weekly steel market.
Anonymous