13
Oct
20:59
US OCTG prices creep up on-week
The price of representative OCTG product P110, 5.5-inch, ranges from $4,200-4,400/short ton, up from $4,100-4,300/st last week, Kallanish reports.
“Prices are stable to slightly up. The OCTG market is calm because energy service is counter-cyclical. High energy prices tend to be recessionary, so a recession is feared when energy prices rise (which they are), and it seems it will last for several quarters. Now, demand for OCTG is solid. Our prices a…
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Anonymous
Very good overview of the weekly steel market.
Anonymous