13
May
21:20
OCTG market "... vibrating," sources say
The US oil country tubular goods market is still hovering near bottom as the North American rig count continues to erode, market sources tell Kallanish.
One OCTG trader describes the market as “... vibrating,” or making small, short-lived movements in opposing directions. The bulk of domestic P110 casing, however, can still be had for $900-950/short ton, he says.
“Selling prices are still way below announced replacement costs,” he says…
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Anonymous
Very good overview of the weekly steel market.
Anonymous