22
Dec
17:32
US OCTG market stays optimistic for 2023
US P110 OCTG prices continue to hold between $4,200-4,400/short ton, Kallanish reports.
“Pricing seems to have leveled off,” says an OCTG distributor. “The outlook for 2023 is strong, largely based on indicators that preceded tubular needs. There’s solid cash flow to fund drilling budgets, and wellhead prices are high enough to generate acceptable returns. Drilling rig demand is high. Strong lead times, now out into Q4 2023, frack fleet lea…
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Anonymous
Very good overview of the weekly steel market.
Anonymous