29
Jan
22:03
OCTG prices still trend downwards
Oil country tubular good prices continue to slip in the US market as more and more rigs come offline, market sources tell Kallanish.
One OCTG trader says the decline is unlikely to stop until the world oil market hits bottom and begins to move back up.
That likely will not happen, he says, until Middle Eastern producers hit a pain point in pricing - which could be sub $20/barrel.
Despite the sudden onset of severe winter weather, natural gas reserves - bot…
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Anonymous
Very good overview of the weekly steel market.
Anonymous