30
Sep
20:01
OCTG buyers seeing some encouraging signs
Despite weak overall oil country tubular goods (OCTG) pricing, at least some buyers say they are encouraged by developing inventory holes.
“There seems to be some optimism lately,” says one OCTG trader. “We all know it’s going to be a slow ramp-up process. There are some P110 items out there for $800/short ton or less if you have money and can clean out someone’s stock, as always. But overall, some holes are forming, to be sure.&rdq…
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Anonymous
Very good overview of the weekly steel market.
Anonymous