01
Jul
21:37
OCTG prices stay flat from last week
US oil country tubular goods pricing is largely unchanged from last week, Kallanish understands from market sources.
Domestic P110 casing prices are hovering around $880-900/short ton. Upward movement is unlikely due to continued weakness in the Baker Hughes rig count, says on buy-side source. However, much more downward movement is equally unlikely as mills start to brush up against their costs of production, he says.
The US rig count is now at 431, exactly …
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Anonymous
Very good overview of the weekly steel market.
Anonymous