16
Aug
23:14
US OCTG prices continue to hold low, level
US oil country tubular good prices failed to budge last week as the market remains stuck with inventory overhang, Kallanish understands.
Kallanish helds it representative P110 domestic welded casing price Friday at $1,175-1,200/short ton, a level it has occupied for several weeks. All prices are ex-works, domestic mill.
Multiple buy-side sources have recently pointed to the slow drawdown of extant inventory as the reason energy tubular pricing has not yet ris…
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Anonymous
Very good overview of the weekly steel market.
Anonymous