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11 May
21:37

Quota clarification injects life into US OCTG

US oil country tubular goods prices have been moribund for some time due to buyers waiting on further 232 news, but that is set to change in the near future, market sources tell Kallanish. Kallanish puts representative product P110 domestic welded casing at $1,600-1,800/short ton, a level it has occupied for several weeks. Clarity on South Korea’s quota situation, however, will likely mean price increases in the near-term, says one Midwest buyers. …
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