12
Jun
15:49
US energy tube buyers hunt for positives
US oil country tubular goods prices remain mired as market sources throughout the supply chain look for hints of a recovery, Kallanish reports.
Though the oil price war has now abated and Covid-19 restrictions eased, much of the supply chain is still being weighed down by high inventories and low real demand.
“We are trying to get a handle on mill operating rates, which seem to be very, very low,” says one Gulf Coast trader. “It woul…
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Anonymous
Very good overview of the weekly steel market.
Anonymous