19
Aug
17:23
OCTG "bloodletting" continues in US market
US oil country tubular goods (OCTG) pricing remains stuck in a rut due to inventory overhang, Kallanish hears from market sources.
One OCTG trader says an uptick last week in the Baker Hughes rig countof 17 in the US and four in Canada is likely a quirk of delayed activity and not indicative of an overall turnaround.
“It’s still a weird deal,” he says. “The rig count went up by a relatively large margin last week – it’s har…
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Anonymous
Very good overview of the weekly steel market.
Anonymous