21
Aug
19:33
Rig bounce does not translate to tube pricing
A brief uptick in the US rig count has failed to boost optimism in the US energy tube market, Kallanish learns from market sources.
Kallanish maintained its representative price for P110 domestic welded casing on Friday at $1,000-1,050/short ton, ex-works, domestic mill, green tube.
Concurrently, the US rig count reversed weeks of declines with a 10-rig increase, fueled entirely by rigs geared for oil production.
“The rig count just went …
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Anonymous
Very good overview of the weekly steel market.
Anonymous