21
May
16:38
Skelp props up OCTG, distributors see margin squeeze
US oilcountry tubular goods (OCTG) pricing continues to gel due to elevated skelp costs, though a lack of demand is squeezing distributors, Kallanish learns from market sources.
Kallanish held its price Friday at $1,950-2,000/short ton - essentially unchanged on-week.
With skelp prices at - or, in some cases, above $1,500/st - a firm floor is developing for OCTG, but the relative lack of demand is keeping top-line growth subdued.
Moreover, dist…
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Anonymous
Very good overview of the weekly steel market.
Anonymous