08
Jul
21:11
Producers suffer due to OCTG weakness
US oil country tubular goods prices remain mired due to weak demand, threatening some producers' bottom lines, Kallanish reports.
Pricing for P110 domestic casing is still hovering near $880-900/short ton.
Many mills are operating at greatly reduced operating rates – one buy-side source estimated some individual mills could be operating at as low as 20% capability utilisation – and are feeling margin pressure due to relative strength in the fl…
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