17
May
17:44
Quiet US tubulars market betrays underlying weakness
There was no real news on the energy tubulars front during the past week, but that is not necessarily good news, market sources tell Kallanish.
Representative product P110 domestic welded casing still has a tenuous hold on its long-dormant $1,300-1,350/short ton pricing level. All prices are ex-works, domestic mill.
That absence of movement isn’t a sign of strength or resilience, says one Gulf Coast market source. Rather, it represents a fragile balance…
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Anonymous
Very good overview of the weekly steel market.
Anonymous