09
Sep
21:26
US OCTG prices stay flat, depressed
US oil country tubular goods (OCTG) prices remained unchanged the week of 9 September, though market sources tell Kallanish that a true bottom has yet to be reached.
Kallanish puts domestic P110 welded casing at $860-880/short ton. All prices are ex-works, domestic mill.
One OCTG trader says that conditions in that particular market are largely stable, though at a significantly depressed level.
A slight uptick in the US rig count is not indicative of a lar…
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Anonymous
Very good overview of the weekly steel market.
Anonymous