03
Jun
21:21
US OCTG buying remains thin, pricing remains weak
Domestic oil country tubular goods prices are still failing to gain traction due to the weak North American rig count, and import-heavy buyers are skittish about where the market may be headed, Kallanish understands.
P110 domestic casing prices are mired at the $900-950/short ton level, with more attractive deals still available from exploration and development companies looking to shed inventory.
An OCTG trader says the on-going “demand collapse&…
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Anonymous
Very good overview of the weekly steel market.
Anonymous