06
Nov
14:23
US energy tube buyers spy positive price trends
Year-end inventory dumps are keeping oil country tubular good prices anchored in spite of rising skelp prices, but that picture will likely change early in 2021, Kallanish hears from market sources.
“The Japanese distributors are all cleaning up inventories,” says one Gulf Coast trader. “Their year-end is 31 March. Until then, we all know replacement costs are rising and any pricing beyond 31 March is higher.”
He adds that the so-cal…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous