19
May
17:13
New OCTG import wave threatens US pricing
US oil country tubular goods (OCTG) pricing was unchanged in the week ended 19 May, though a coming tide of imports could soon add downward pressure to the situation, market sources tell Kallanish.
Kallanish held its domestic welded P110 casing price Friday at $1,700-1,750/short ton. All prices are ex-works, domestic mill.
“I’ve heard 300,000 tonnes/month are on the water for the next few months,” says one buy-side source. “I believe t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous