13
Apr
16:29
Korea ruling fails to excite OCTG buyers
US oil country tubular goods (OCTG) producers have won a major trade case against Korean imports, but the long-term impact of the decision may not be a net positive for the domestic industry, Kallanish reports.
A buy-side source says prices are holding around $1,700-1,750/short ton for vanilla items like P110 casing. The 2.76-24.92% margins assigned to Korean OCTG likely won’t deter imports any further, as the threat of a trade case alone has had a chillin…
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Anonymous
Very good overview of the weekly steel market.
Anonymous