24
Jun
20:35
US OCTG prices hover near bottom
As US oil country tubular goods demand continues to creep downward, at least some mills are flirting with prices close to their break-even point, Kallanish learns from market sources.
“Pipe prices are below replacement costs,” says one OCTG trader. “I’m guessing that we have been floating above bottom the last couple of weeks.”
Some mills, he adds, have attempted price increases to absorb concurrent flat-rolled hikes, but demand …
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Anonymous
Very good overview of the weekly steel market.
Anonymous