05
Aug
19:38
US OCTG prices slip despite flat rig count
Despite a general levelling of the Baker Hughes rig count, pricing in the oversupplied oil country tubular goods market continues to slide.
Kallanish lowered its price for P110 domestic casing Friday from $880-900/short ton to $860-880/st, with the understanding from market sources that imported material could be had as low as $700/st.
“Supply is still choking pricing,” says one buy-side source. “It’ll be hard to see any upward pressur…
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Anonymous
Very good overview of the weekly steel market.
Anonymous