29
Dec
18:55
US OCTG buyers see hope ahead
US oil country tubular goods prices now look ready to break out of their long rut, Kallanish learns from market sources.
“Crude oil has broken the $60/barrel barrier. Cold weather lifts gas and cash from forecasts to explorations and production companies look doable,” says one Gulf Coast source. “Prices will move higher with extended lead times. The big bogs like Tenaris, US Steel, and TMK are all resolved to have better margins in 2018. I expe…
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Anonymous
Very good overview of the weekly steel market.
Anonymous