25
Nov
10:53
OCTG prices steady, increase could come soon
US oil country tubular goods (OCTG) prices remain steady, though increases in skelp, oil demand and inventory holes could jar them out of their rut soon, Kallanish hears from market sources.
Kallanish currently puts P110 domestic welded casing at $870-890/short ton, though at least one buyer says $900/st is not out of the question for prime mill material.
“We’re hopeful, but no movement has been verified,” he adds.
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Anonymous
Very good overview of the weekly steel market.
Anonymous