15
Aug
21:04
US OCTG sources spy market turnaround, prices flat
Pricing for OCTG in the US is flat for a fourth consecutive week, with market participants telling Kallanish that the long-predicted rebound may finally be just around the corner.
Prices of domestically produced welded P110 5.5-inch casing are unchanged at $1,600-1,700/short ton.
A Gulf Coast OCTG distributor explains that demand from drillers may improve as they ponder their next round of investments.
“The market will correct itself. Inventory holes…
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Anonymous
Very good overview of the weekly steel market.
Anonymous