11
Mar
21:00
Imports, falling rig count pull down US OCTG
A combination of aggressively priced imports and a historically low rig count continue to chip away at domestic oil country tubular goods prices, Kallanish hears from market sources.
One Gulf Coast distributor says imports are regularly coming in about $25-50/short ton cheaper than domestic material. The previous ceiling for P110 domestic casing of $975/st has all but disappeared from the market, he says.
Many producers are keeping tabs on the supply chain as…
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Anonymous
Very good overview of the weekly steel market.
Anonymous