30
Oct
15:47
Rising skelp prices boost US OCTG
US energy tube pricing appears to be perking up on the back of rising skelp prices, Kallanish reports.
US Steel and Vallourec have both reportedly increased their energy tube prices by $125/short ton for new orders.
“Thank the Lord,” says one Gulf Coast buyer, who believes raw material pressure will be enough to offset still-weak oilfield demand.
A second oilfield source echoes the demand sentiment.
“There’s nothi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous