20
Jul
21:19
US OCTG market source predicts pricing bottom
US OCTG representative product P110 5.5-inch prices continue to hold at $2,000-2,200/short ton, Kallanish reports.
“Rig count seems to have bottomed, which will modify the outlook for many. We should see some upward momentum by the fourth quarter. But right now, mills aren’t even quoting numbers for Q4,” a distributor says.
Prices for P110 5.5-inch OCTG product for the equivalent week of 2022 ranged from $3,600-3,900/st.
All prices are ex-works…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous