14
Dec
20:27
US OCTG prices begin to erode
US oil country tubular goods (OCTG) prices appear to have fallen last week on demand uncertainty, Kallanish learns from market sources.
Representative product P110 domestic welded casing fell to $,1500-1,550/short ton. All prices are ex-works, domestic mill.
The fall was largely precipitated by decreasing crude oil prices and uncertain capital expenditure levels in the US Permian Basin.
“OCTG pricing is leaking,” says one Gulf Coast trader. &ld…
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Anonymous
Very good overview of the weekly steel market.
Anonymous