06
May
22:12
OCTG prices are still in inventory rut
US oil country tubular good prices remain mired due to excess inventory and weak demand, Kallanish hears from market sources.
Domestic P110 OCTG casing prices are unchanged at $900-950/short ton for prime mill orders. Material can be obtained well below the $900/st mark from exploration and production companies shedding excess inventories, says one buy-side source.
A second buy-side source says prices are unlikely to move – despite mill announcements &n…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous