24
Feb
16:52
US OCTG prices shoot up on oil strength
US oil country tubular goods (OCTG) prices continue to rise on the back of oil, with no sure sign of stopping in the near-term, Kallanish learns from market sources.
Kallanish upped its P110 domestic casing prices to $1,450-1,500/short ton, though market sources say certain OCTG sizes, grades and applications can pull a much higher premium.
One buy-side source rejected a 9 5/8-inch, L80 quote at $1,900/st, calling it “... absolutely ludicrous.”
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Anonymous
Very good overview of the weekly steel market.
Anonymous