12
Feb
21:26
Inventories anchor US OCTG prices
A glut of oil country tubular goods in the oil and natural gas production pipeline is keeping prices subdued despite a general uptick in steel prices, Kallanish learns from market sources.
One mill source says the bulk of the P110 domestic casing market is operating around $950-1,050/short ton for new mill production. However, some deals are available from production company inventory for as low as $750/st.
“The really low deals we have seen have come f…
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Anonymous
Very good overview of the weekly steel market.
Anonymous