29
Sep
20:16
Imports pressure US OCTG prices
US oil country tubular goods (OCTG) prices are still treading water, Kallanish learns from market sources.
Representative grade P110 domestic welded casing is holding at $1,250-1,300/short ton, though further movement downward is likely in the near-term due to import pressure.
Sellers are eager to move goods at less-than-desirable prices just to have operating cash on hand, says one buy-side source.
“Right now, the focus is on cash. So current transa…
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Anonymous
Very good overview of the weekly steel market.
Anonymous