21
Jul
20:29
US OCTG price erosion continues
US oil country tubular goods prices continued their slide Friday as buyers hunt for a clear direction for the third quarter, Kallanish reports.
P110 domestic welded casing prices fell by $50/short ton to $1,550-1,600/st. All prices are ex-works, domestic mill.
One buyer attributed the recent price erosion to uncertainty regarding President Donald Trump’s 232 national security investigation.
“Nobody really knows the 232 timing or outcome,”…
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Anonymous
Very good overview of the weekly steel market.
Anonymous