27
May
20:42
OCTG producers face margin squeeze
Oil country tubular good prices have yet to budge due to the slack North American rig count, and producer margins are being pressured by rising hot-rolled coil costs.
“The fear factor is rising about hot-rolled coil moving replacement costs,” says one OCTG trader. “Nobody is buying, so you can’t really test their resolve.”
Hot-rolled coil is now hovering around $610-630/short ton, up significantly from its low of around $380-400/…
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Anonymous
Very good overview of the weekly steel market.
Anonymous