27
Jan
19:22
Limited supply supports stronger OCTG pricing
US oil country tubular goods prices remain solid as a result of restricted supply, though deals can still be had for uncommon sizes and grades, Kallanish learns from market sources.
One buy-side source says P110 domestic casing is nearing the $1,300/short ton mark as attractive oil prices keep drilling rates elevated. Recent skelp increases have not yet filtered down to tubers, he adds, so the pricing power is almost wholly related to supply.
A second buy-sid…
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Anonymous
Very good overview of the weekly steel market.
Anonymous