08
Dec
19:09
US OCTG market remains stable on week
Despite last week’s fears of a softening OCTG market, the price of P110 5.5-inch diameter OCTG remains at $4,200-4,400/short ton for the ninth consecutive week, Kallanish reports.
“Not much has changed since last week. Everyone is focused on inventory, liquidity, and risk abatement,” an OCTG distributor shares.
The prices of P110 5.5” diameter for 8 December 2021 ranged from $2,700-3,000/st.
All prices are ex-works, domestic mill.
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Anonymous
Very good overview of the weekly steel market.
Anonymous