08
Mar
20:41
US OCTG prices still display weakness
US oil country tubular goods (OCTG) prices remain stuck as market conditions stay weak, Kallanish learns from market sources.
Kallanish held its price for representative product P110 domestic welded casing Friday at $1,300-1,350/short ton. All prices are ex-works, domestic mill.
A Gulf Coast source says the market is unlikely to recover until at least the second half of 2019, due to the large mismatch between available inventory and oilfield demand.
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Anonymous
Very good overview of the weekly steel market.
Anonymous