10
Jan
17:40
OCTG prices stay steady, new increases announced
Lacklustre domestic demand is still weighing on US oil country tubular goods prices, though mills are now trying to shock the market out of its rut, Kallanish hears from market sources.
US Steel announced a $100/short ton increase on its energy tubulars on Friday, which buyers believe will be shortly followed by other producers. The increase is in the wake of a $40/st increase on skelp by most major producers.
Concurrently, Axis Pipe announced a $70/s…
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Anonymous
Very good overview of the weekly steel market.
Anonymous