04
Aug
18:53
US OCTG market founders on supply, demand woes
The US domestic and import oil country tubular goods markets are fighting against price erosion as supply and demand fall out of sync, Kallanish hears from market sources.
One buyer says the market is “... overstocked, with fear of demand softening.” This has dragged the price for domestic P110 welded casing to $1,450-1,550/short ton, with the expectation that prices will fall even further next week, he says.
Both the US and Canadian rig counts fe…
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Anonymous
Very good overview of the weekly steel market.
Anonymous