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26 Jul
16:24

US OCTG prices stay stuck in bear market

The slow on-going recovery for US steel prices is unlikely to affect the oil country tubular goods market for the foreseeable future, Kallanish hears from market sources. While skelp is posting steady gains on the back of domestic mill increases, real demand is holding all energy tubulars back, says one Gulf Coast trader. Kallanish held its representative P110 domestic welded casing price Friday at $1,175-1,200/short ton. All prices are ex-works, domestic mil…
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