05
May
20:31
OCTG prices stable as buyers watch oil
US oil country tubular prices remained unchanged in the week ended 5 May as buyers resist taking on unnecessary inventory, Kallanish reports.
Kallanish currently puts P110 domestic welded casing at $1,725-1,775/short ton. All prices are ex-works, domestic mill.
“There’s been no changes yet, but watch crude prices,” says one buyer. “The lower they go, the higher the anxieties for those with building inventory. It could cause prices to s…
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Anonymous
Very good overview of the weekly steel market.
Anonymous