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14 Jul
21:35

US OCTG buyers wait for market direction

US oil country tubular goods prices remain mired at the $1,600-1,650/short ton price point, Kallanish learns from market sources. Several sources pointed to the continued lack of news on the status of the 232 investigation as the prime reason for market stagnation, exacerbated by the traditional summer slowdown and holiday season. Drilling programs for the latter half of the year are touch-and-go, says one source, as the up-in-the-air status of the 232 makes …
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