03
Aug
19:26
OCTG pricing flat, US mill orders few
Pricing for OCTG representative product P110 5.5-inch in the US is unchanged this week while distributors continue destocking at a loss, market participants explain to Kallanish.
The realistic price range for any new transaction is still believed to be $2,000-2,200/short ton. Distributors report that they are selling material originally procured at double that price. Until they wipe that stock off their books, there is very little impetus to order from domest…
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Anonymous
Very good overview of the weekly steel market.
Anonymous