17
Nov
21:06
OCTG prices stagnate despite increases
Oil country tubular goods (OCTG) prices have failed to budge despite a general push for higher base pricing, market sources tell Kallanish.
The upward momentum in the sheet metal market will not translate to more strength for energy tubulars for some time, and direct OCTG increases cannot overcome the overhang in the market, says one buy-side source.
“We have not seen any upward pricing direction,” he says. “Imports are still coming in …
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous