26
Aug
18:26
US OCTG 'holes' support some price stability
Average US oil country tubular goods (OCTG) prices appear to be holding steady, albeit at historically low levels, due to developing inventory holes, Kallanish understands.
“The thing to watch the new few weeks is line item inventories,” says one OCTG trader. “There are about a dozen stock keeping units that are moving right now. The rest are dog food. As the inventory levels of the good stuff ebb and flow, there will be opportunities for some …
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Anonymous
Very good overview of the weekly steel market.
Anonymous