29
May
12:36
Skelp still underpins energy tube prices
US energy tube pricing remains at the mercy of skelp - and those prices look unlikely to ease up in the near-term, Kallanish learns from market sources.
“Hot-rolled keeps accelerating at historical rates,” says one Gulf Coast trader. “No end in sight, but we all know that it will hit a wall.”
Kallanish currently puts hot-rolled coil at $1,600-1,620/short ton, while its representative price for P110 domestic welded casing is $1,950-2,…
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Anonymous
Very good overview of the weekly steel market.
Anonymous