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23 Jun
19:27

US OCTG market remains volatile, prices hold

The market for OCTG products is still dynamic, with mounting market pressures coming from all directions, Kallanish is told. The price for representative product P110, 5.5-inch pipe is still holding at $3,300-3,600/short ton. All prices are ex-works, domestic mill. “It’s still a hot market. We see continuing pressure upward. I hear talk of prices flattening in Q2 2023, but who can tell prices that far out? President [Joe] Biden demands production in…
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