24
May
20:47
US OCTG market suffers widespread price pressure
US oil country tubular goods (OCTG) prices continued to slide in the week ended 24 May as the market was battered on nearly all sides, Kallanish reports.
“Announced lay offs at Pioneer (Natural Resources), a crude price slump, equities markets getting clobbered, the Turkey tariffs reduction, China trade uncertainty, Mexico-Canada deal replacing the 232 – none of these are good signs for an upward price lift,” says a Gulf Coast buyer. “Thi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous