12
Aug
21:17
OCTG prices still flounder in US market
Despite recent minor gains in the North American rig count, oil country tubular goods (OCTG) prices remain on a downward trajectory, Kallanish learns from market sources.
Domestic P110 OCTG casing is still hovering around $860-880/short ton, with import offers heard as low as $700/st.
The prime anchors are high inventory levels and historically low demand, says one buy-side source.
“If there is any movement in pricing, it is not up,” he says. &…
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