05
Oct
21:44
US OCTG holds steady despite lower crude forecasts
The US price range for OCTG representative product P110 5.5-inch casing is flat this week at $1,900-2,000/short ton after last week's decrease, Kallanish confirms.
“Oil has softened on speculation that China's demand may soften,” says one Gulf Coast distributor.
Recent projections on crude prices and their impact on domestic drilling are widely discussed in the market this week (see Kallanish 5 October).
The US rig count has drifted low…
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Anonymous
Very good overview of the weekly steel market.
Anonymous